Acadian Timber (TSE:ADN – Get Free Report) announced its earnings results on Wednesday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$24.02 million during the quarter. Acadian Timber had a net margin of 58.22% and a return on equity of 13.52%.
Acadian Timber Price Performance
TSE ADN opened at C$17.12 on Friday. Acadian Timber has a 12-month low of C$13.98 and a 12-month high of C$18.19. The company has a quick ratio of 1.04, a current ratio of 0.20 and a debt-to-equity ratio of 31.66. The company has a 50 day moving average price of C$17.22 and a two-hundred day moving average price of C$17.19. The stock has a market capitalization of C$321.53 million, a PE ratio of 6.56, a price-to-earnings-growth ratio of -4.84 and a beta of 0.34.
About Acadian Timber
Acadian Timber Corp. (‘Acadian’) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. We own and manage 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine. Acadian also provides timber services relating to 1.3 million acres of Crown licensed timberlands in New Brunswick. Our primary business is the production of softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 85 regional customers.
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