GreenFirst Forest Products (TSE:GFP) Shares Down 12.8%

GreenFirst Forest Products Inc. (TSE:GFP) dropped 12.8% during trading on Wednesday . The company traded as low as C$0.32 and last traded at C$0.34. Approximately 135,350 shares traded hands during mid-day trading, an increase of 130% from the average daily volume of 58,744 shares. The stock had previously closed at C$0.39.

GreenFirst Forest Products Price Performance

The firm has a market capitalization of C$62.15 million, a PE ratio of -1.63 and a beta of 0.78. The business has a 50-day moving average of C$0.44 and a 200 day moving average of C$0.66. The company has a current ratio of 2.05, a quick ratio of 1.06 and a debt-to-equity ratio of 29.52.

GreenFirst Forest Products (TSE:GFP) last released its quarterly earnings results on Tuesday, May 14th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$93.07 million during the quarter. GreenFirst Forest Products had a negative net margin of 10.40% and a negative return on equity of 22.28%. As a group, research analysts anticipate that GreenFirst Forest Products Inc. will post 0.05 EPS for the current fiscal year.

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.