Acadian Timber (TSE:ADN) Reaches New 1-Year Low - Here's What Happened

Key Points

• Acadian Timber Corp. shares hit a new 52-week low at C$16.19 during trading, closing at C$16.32 with a volume of 17,555 shares.
• The company has a market capitalization of C$295.22 million and a price-to-earnings ratio of 20.88, indicating potential valuation challenges.
• Acadian Timber operates primarily in Eastern Canada and the Northeastern United States, focusing on softwood and hardwood products, primarily from its NB Timberlands segment.

Acadian Timber Corp. (TSE:ADN - )'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$16.19 and last traded at C$16.32, with a volume of 17555 shares changing hands. The stock had previously closed at C$16.20.

Acadian Timber Stock Performance

The firm has a fifty day simple moving average of C$17.36 and a 200 day simple moving average of C$17.54. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89. The stock has a market cap of C$295.22 million, a price-to-earnings ratio of 20.88, a PEG ratio of -4.84 and a beta of 0.31.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.

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