GreenFirst Forest Products (TSE:GFP) Reaches New 52-Week Low – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.59 and last traded at C$1.65, with a volume of 30408 shares. The stock had previously closed at C$1.80.

GreenFirst Forest Products Stock Performance

The firm has a market cap of C$39.38 million, a P/E ratio of -0.37 and a beta of 1.58. The company has a debt-to-equity ratio of 149.36, a quick ratio of 1.06 and a current ratio of 2.11. The stock’s 50-day moving average is C$1.90 and its 200 day moving average is C$2.04.

GreenFirst Forest Products (TSE:GFP) last announced its earnings results on Tuesday, August 11th. The company reported C$0.24 earnings per share for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. The firm had revenue of C$96.10 million during the quarter. On average, research analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share 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.