News / Stock

Canada: Wood Industry, Alphie Suggests Investing in Acadian Timber.

Jul 7, 2020 - 11:41 GMT+0000

The Robot believes the stock will grow after a period of price depreciation. Acadian Timber (ADN.TO), listed at the Toronto stock exchange in Canadian Dollars, is a supplier of primary forest products in Eastern Canada and the Northeastern US. The company owns and manages approximately 761,000 acres of freehold timberland in New Brunswick and approximately 299,000 acres in Maine, USA. According to an internal report, the company’s revenue for 2019 totaled 100 million Canadian Dollars. The company’s stock price has been gradually falling since late June and can now be found at 14.56 Canadian Dollars. The company’s market cap stands…

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