Cascades Inc. (OTCMKTS:CADNF – Get Free Report)’s share price dropped 4% on Thursday . The company traded as low as $6.88 and last traded at $6.88. Approximately 1,300 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 4,609 shares. The stock had previously closed at $7.17.
Cascades Price Performance
The business’s 50-day simple moving average is $8.38 and its two-hundred day simple moving average is $7.96.
About Cascades
Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.
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