Shares of GreenFirst Forest Products Inc. (OTCMKTS:ICLTF – Get Free Report) rose 6.4% on Thursday . The stock traded as high as C$1.82 and last traded at C$1.82. Approximately 1,500 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 6,129 shares. The stock had previously closed at C$1.71.
GreenFirst Forest Products Trading Down 9.3%
The company’s 50 day moving average is C$1.34 and its 200-day moving average is C$1.79.
About GreenFirst Forest Products
GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.
GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.
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