GreenFirst Forest Products (TSE:GFP) Announces Earnings Results

GreenFirst Forest Products (TSE:GFP) released its quarterly earnings results on Tuesday. The company reported C($0.30) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$87.65 million for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%.

GreenFirst Forest Products Stock Performance

Shares of TSE GFP traded up C$0.03 during trading hours on Thursday, hitting C$1.47. 300 shares of the company’s stock were exchanged, compared to its average volume of 6,939. GreenFirst Forest Products has a 1-year low of C$1.25 and a 1-year high of C$2.85. The company has a debt-to-equity ratio of 149.36, a current ratio of 2.11 and a quick ratio of 1.06. The stock has a market capitalization of C$34.05 million, a price-to-earnings ratio of -0.32 and a beta of 1.68. The company’s 50-day moving average price is C$1.62 and its 200-day moving average price is C$2.01.

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.