Taiga Building Products (TSE:TBL) Trading Up 2.5% - Here's Why

Key Points

• Taiga Building Products Ltd. shares increased by 2.5% to C$3.24, despite a significant decline in trading volume, down 93% from the average.
• The company has a market cap of C$349.74 million and a low P/E ratio of 6.94, indicating potentially favorable valuation for investors.
• Taiga operates as a wholesale distributor of building products in Canada and the United States, offering a range of materials including lumber and insulation.

Taiga Building Products Ltd. (TSE:TBL - ) shares were up 2.5% during trading on Tuesday . The stock traded as high as C$3.25 and last traded at C$3.24. Approximately 977 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 14,870 shares. The stock had previously closed at C$3.16.

Taiga Building Products Stock Up 2.5%

The company has a quick ratio of 1.51, a current ratio of 3.63 and a debt-to-equity ratio of 21.99. The company has a market cap of C$349.74 million, a P/E ratio of 6.94 and a beta of 0.77. The company has a fifty day moving average of C$3.90 and a 200 day moving average of C$3.87.

About Taiga Building Products

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers dimension lumber; panel products, such as plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting products, as well as batt and foam insulation, flooring, and engineered and treated wood products.

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