GreenFirst Forest Products (TSE:GFP) Trading Down 13.6%

Shares of GreenFirst Forest Products Inc. (TSE:GFPGet Free Report) fell 13.6% during mid-day trading on Friday . The company traded as low as C$0.51 and last traded at C$0.51. 98,738 shares were traded during trading, an increase of 149% from the average session volume of 39,708 shares. The stock had previously closed at C$0.59.

GreenFirst Forest Products Price Performance

The stock’s 50-day moving average price is C$0.73 and its 200-day moving average price is C$0.84. The company has a market capitalization of C$92.34 million, a price-to-earnings ratio of -1.93 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.98 and a debt-to-equity ratio of 13.84.

GreenFirst Forest Products (TSE:GFPGet Free Report) last announced its earnings results on Thursday, March 14th. The company reported C($0.12) earnings per share (EPS) for the quarter. GreenFirst Forest Products had a negative return on equity of 23.82% and a negative net margin of 11.48%. The company had revenue of C$103.17 million for the quarter. Equities research analysts anticipate that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

Insider Activity at GreenFirst Forest Products

In other GreenFirst Forest Products news, Director Michael Clark Mitchell acquired 190,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of C$0.57 per share, for a total transaction of C$108,300.00. 32.02% of the stock is currently owned by company insiders.

About GreenFirst Forest Products

(Get Free Report)

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.

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