GreenFirst Forest Products (TSE:GFP) Stock Price Down 2.1% – Here’s What Happened

GreenFirst Forest Products Inc. (TSE:GFP)’s share price fell 2.1% during mid-day trading on Wednesday . The stock traded as low as C$1.89 and last traded at C$1.90. 1,966 shares were traded during trading, a decline of 70% from the average session volume of 6,511 shares. The stock had previously closed at C$1.94.

GreenFirst Forest Products Trading Down 2.1%

The company has a debt-to-equity ratio of 183.88, a quick ratio of 1.06 and a current ratio of 1.79. The business has a fifty day simple moving average of C$2.02 and a 200 day simple moving average of C$2.17. The stock has a market cap of C$43.98 million, a price-to-earnings ratio of -0.36 and a beta of 1.44.

GreenFirst Forest Products (TSE:GFP) last released its quarterly earnings results on Tuesday, May 5th. The company reported C($0.89) earnings per share for the quarter. GreenFirst Forest Products had a negative return on equity of 149.94% and a negative net margin of 41.20%.The company had revenue of C$60.62 million during the quarter. As a group, equities analysts anticipate that GreenFirst Forest Products Inc. will post 0.05 EPS for the current year.

About GreenFirst Forest Products

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products.