Taiga Building Products Ltd. Trading Resumes After Temporary Halt
TORONTO, June 6, 2025 — Taiga Building Products Ltd. (TSX: TBL), a wholesale distributor of lumber, panel products, and related building materials, experienced a temporary trading halt on the Toronto Stock Exchange (TSX) on June 6, 2025. The halt, initiated by the Canadian Investment Regulatory Organization (CIRO) at 7:02 a.m. PT, was due to pending clarification of news. CIRO, the national self-regulatory organization, implemented the suspension to ensure a fair and orderly market.
Trading for Taiga Building Products Ltd. resumed at 10 a.m. PT, following the resolution of the pending news. The company, which operates distribution centers across Canada, saw its shares trading at a close price of 4.9 CAD on June 4, 2025, with a 52-week high of 5.1 CAD and a low of 3.18 CAD recorded on June 10, 2024. The market capitalization of the company stands at 412,350,000 CAD, with a price-to-earnings ratio of 9.23.
In addition to the trading resumption, Taiga Building Products Ltd. announced due bill trading for a special dividend. The special dividend of $1.6675 CDN per common share, payable on June 23, 2025, will be subject to due bill trading as per the Toronto Stock Exchange’s dividend notice dated May 30, 2025. This announcement was made to remind shareholders of the upcoming dividend payment.
The trading halt and subsequent resumption were also noted by various financial news sources, including StockWatch and Finanzen.net, highlighting the regulatory measures taken to maintain market integrity. The temporary suspension underscores the importance of timely and accurate information dissemination in the financial markets.
Overall, Taiga Building Products Ltd. continues to operate within the industrials sector, specifically within the trading companies and distributors industry, maintaining its presence on the primary exchange, the Toronto Stock Exchange.