GreenFirst Forest Products (TSE:GFP) Shares Down 3.4% – Should You Sell?

GreenFirst Forest Products Inc. (TSE:GFP)’s share price traded down 3.4% during trading on Tuesday . The stock traded as low as C$2.25 and last traded at C$2.29. 2,810 shares were traded during trading, a decline of 75% from the average session volume of 11,390 shares. The stock had previously closed at C$2.37.

GreenFirst Forest Products Stock Down 3.4%

The company has a market cap of C$52.93 million, a price-to-earnings ratio of -0.50 and a beta of 1.12. The business has a 50-day simple moving average of C$1.93 and a two-hundred day simple moving average of C$2.42. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 24.73.

Insider Transactions at GreenFirst Forest Products

In related news, Director Michael Clark Mitchell purchased 20,000 shares of the stock in a transaction on Friday, November 14th. The shares were bought at an average price of C$1.90 per share, for a total transaction of C$38,000.00. Following the completion of the acquisition, the director directly owned 154,098 shares in the company, valued at approximately C$292,786.20. This trade represents a 14.91% increase in their position. Insiders purchased a total of 40,000 shares of company stock worth $76,000 over the last three months. 32.02% of the stock is owned by corporate 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.