GreenFirst Forest Products (TSE:GFP) Trading Down 2.7%

GreenFirst Forest Products Inc. (TSE:GFP) dropped 2.7% during mid-day trading on Thursday . The stock traded as low as C$0.71 and last traded at C$0.72. Approximately 25,500 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 41,280 shares. The stock had previously closed at C$0.74.

GreenFirst Forest Products Trading Down 5.6 %

The company has a quick ratio of 1.06, a current ratio of 1.98 and a debt-to-equity ratio of 13.83. The firm has a market cap of C$120.75 million, a P/E ratio of -2.52 and a beta of 0.77. The firm’s fifty day moving average is C$0.76 and its two-hundred day moving average is C$0.87.

GreenFirst Forest Products (TSE:GFP) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.12) earnings per share for the quarter. GreenFirst Forest Products had a negative net margin of 11.48% and a negative return on equity of 23.82%. The firm had revenue of C$103.17 million for the quarter. Analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity

In other GreenFirst Forest Products news, Director Michael Clark Mitchell acquired 190,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was acquired at an average cost of C$0.57 per share, for a total transaction of C$108,300.00. Insiders own 32.02% of the company’s stock.

About GreenFirst Forest Products

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.