GreenFirst Forest Products (TSE:GFP) Shares Down 4.3%

GreenFirst Forest Products Inc. (TSE:GFPGet Free Report) shares traded down 4.3% during mid-day trading on Friday . The company traded as low as C$0.43 and last traded at C$0.44. 12,563 shares traded hands during trading, a decline of 74% from the average session volume of 49,146 shares. The stock had previously closed at C$0.46.

GreenFirst Forest Products Trading Down 4.3 %

The business has a 50-day moving average price of C$0.65 and a 200-day moving average price of C$0.79. The company has a quick ratio of 1.06, a current ratio of 2.05 and a debt-to-equity ratio of 29.52. The firm has a market capitalization of C$78.13 million, a P/E ratio of -1.83 and a beta of 0.78.

GreenFirst Forest Products (TSE:GFPGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$93.07 million during the quarter. GreenFirst Forest Products had a negative net margin of 10.40% and a negative return on equity of 22.28%. Analysts anticipate that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Clark Mitchell purchased 190,000 shares of GreenFirst Forest Products stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of C$0.57 per share, with a total value of C$108,300.00. Corporate insiders own 32.02% of the company’s stock.

About GreenFirst Forest Products

(Get Free Report)

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.

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