GreenFirst Forest Products (TSE:GFP) Shares Down 1.2% – Should You Sell?

GreenFirst Forest Products Inc. (TSE:GFPGet Free Report)’s stock price was down 1.2% during mid-day trading on Wednesday . The stock traded as low as C$2.56 and last traded at C$2.56. Approximately 10,660 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 15,236 shares. The stock had previously closed at C$2.59.

GreenFirst Forest Products Price Performance

The business has a 50-day moving average price of C$2.14 and a two-hundred day moving average price of C$2.34. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 24.73. The company has a market capitalization of C$59.17 million, a price-to-earnings ratio of -0.56 and a beta of 1.16.

About GreenFirst Forest Products

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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.

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