GreenFirst Forest Products (TSE:GFP) Stock Price Up 0.5% – What’s Next?

Shares of GreenFirst Forest Products Inc. (TSE:GFP) traded up 0.5% during mid-day trading on Monday . The stock traded as high as C$1.97 and last traded at C$1.89. 703 shares were traded during trading, a decline of 87% from the average session volume of 5,245 shares. The stock had previously closed at C$1.88.

GreenFirst Forest Products Trading Up 0.5%

The company has a debt-to-equity ratio of 24.73, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market cap of C$43.68 million, a price-to-earnings ratio of -0.41 and a beta of 1.12. The business’s fifty day moving average price is C$1.90 and its 200 day moving average price is C$2.57.

Insider Buying and Selling

In related news, Director Michael Clark Mitchell bought 20,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of C$1.90 per share, with a total value of C$38,000.00. Following the acquisition, the director owned 154,098 shares of the company’s stock, valued at C$292,786.20. This represents a 14.91% increase in their ownership of the stock. Over the last 90 days, insiders bought 40,000 shares of company stock worth $76,000. 32.02% of the stock is currently owned by insiders.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. GreenFirst is a Canadian managed company with around 7 sawmills and 1 paper mill located across Ontario and Quebec. It serves residential and commercial construction markets as well as the industrial market.