GreenFirst Forest Products (TSE:GFP) Stock Price Down 2.5% – Here’s Why

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price was down 2.5% on Thursday . The stock traded as low as C$5.44 and last traded at C$5.44. Approximately 1,400 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 9,383 shares. The stock had previously closed at C$5.58.

GreenFirst Forest Products Stock Down 2.5 %

The company has a debt-to-equity ratio of 33.15, a current ratio of 2.03 and a quick ratio of 1.06. The firm’s 50 day moving average is C$6.06 and its two-hundred day moving average is C$2.39. The firm has a market capitalization of C$965.98 million, a P/E ratio of -2.09 and a beta of 1.17.

Insider Activity

In related news, Director Michael Clark Mitchell acquired 10,000 shares of GreenFirst Forest Products stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of C$5.54 per share, with a total value of C$55,413.00. Insiders own 32.02% of the company’s stock.

GreenFirst Forest Products Company Profile

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.