GreenFirst Forest Products (OTCMKTS:ICLTF) Trading Down 2.5% – Should You Sell?

Shares of GreenFirst Forest Products Inc. (OTCMKTS:ICLTFGet Free Report) dropped 2.5% during mid-day trading on Thursday . The stock traded as low as C$1.53 and last traded at C$1.53. Approximately 2,300 shares traded hands during trading, a decline of 58% from the average session volume of 5,529 shares. The stock had previously closed at C$1.57.

GreenFirst Forest Products Price Performance

The stock has a 50-day moving average price of C$1.53 and a 200 day moving average price of C$1.58.

GreenFirst Forest Products Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for GreenFirst Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenFirst Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.