GreenFirst Forest Products (TSE:GFP) Shares Up 3.1% – Time to Buy?

Shares of GreenFirst Forest Products Inc. (TSE:GFP) shot up 3.1% during mid-day trading on Thursday . The company traded as high as C$2.00 and last traded at C$1.99. 8,365 shares changed hands during trading, a decline of 15% from the average session volume of 9,870 shares. The stock had previously closed at C$1.93.

GreenFirst Forest Products Trading Up 3.1%

The stock has a market cap of C$46.06 million, a P/E ratio of -0.46 and a beta of 1.21. The firm’s fifty day moving average price is C$2.32 and its two-hundred day moving average price is C$2.17. The company has a debt-to-equity ratio of 57.94, a current ratio of 1.49 and a quick ratio of 1.06.

GreenFirst Forest Products (TSE:GFP) last released its quarterly earnings results on Thursday, March 26th. The company reported C($1.29) earnings per share for the quarter. The firm had revenue of C$76.95 million during the quarter. GreenFirst Forest Products had a negative return on equity of 92.28% and a negative net margin of 32.56%. As a group, equities research analysts forecast that GreenFirst Forest Products Inc. will post 0.05 EPS for the current year.

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.