Western Forest Products Inc. (WEF:CA) Rises 6.3% for September 17

Equities Staff  |

September 17 was a positive day for Western Forest Products Inc. (WEF:CA) as its stock finished the day having gained 6.3% to hit a price of $1.35 a share. The company reached a market cap of 506.62 million and has 375.43 million shares outstanding. Western Forest Products Inc. is a component of the the S&P/TSX SmallCap Index.

1.05 million shares changed hands over the course of the day as compared to an average volume of 679,365 over the last 30 days for Western Forest Products Inc..

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada, the United States, and China represents the company's largest markets and contributes the vast majority of its total revenue.. The company makes its home in Vancouver, BC, and is currently under the leadership of CEO Donald Demens.

Western Forest Products Inc. has hit a high of $2.37 and reached a low of $1.13 over its last year of trading. The stock’s 50-day SMA is now $1.32 and 200-day SMA is $1.65. As for its price valuations, the P/E ratio is at 18.7 and P/B is now 0.93.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Western Forest Products Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: WEF:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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