GreenFirst Forest Products (OTCMKTS:ICLTF) Stock Price Down 3.2% – Here’s What Happened

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF)’s stock price dropped 3.2% on Tuesday . The company traded as low as C$1.47 and last traded at C$1.50. Approximately 4,959 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 6,649 shares. The stock had previously closed at C$1.55.

GreenFirst Forest Products Stock Performance

The company’s 50-day moving average is C$1.74 and its 200 day moving average is C$1.57.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.