GreenFirst Forest Products (TSE:GFP) Stock Price Up 4.1% – Here’s Why

GreenFirst Forest Products Inc. (TSE:GFP)’s share price was up 4.1% during mid-day trading on Tuesday . The company traded as high as C$2.01 and last traded at C$2.01. Approximately 15,605 shares changed hands during mid-day trading, an increase of 140% from the average session volume of 6,493 shares. The stock had previously closed at C$1.93.

GreenFirst Forest Products Stock Up 4.1%

The firm has a market capitalization of C$46.56 million, a price-to-earnings ratio of -0.43 and a beta of 1.44. The stock has a 50 day moving average of C$1.95 and a 200 day moving average of C$2.13. The company has a quick ratio of 1.06, a current ratio of 2.11 and a debt-to-equity ratio of 149.36.

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

GreenFirst Forest Products Company Profile

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.