GreenFirst Forest Products (TSE:GFP) Trading 8.6% Higher – Time to Buy?

GreenFirst Forest Products Inc. (TSE:GFPGet Free Report)’s share price shot up 8.6% on Tuesday . The company traded as high as C$1.94 and last traded at C$1.90. 24,891 shares changed hands during mid-day trading, an increase of 326% from the average session volume of 5,840 shares. The stock had previously closed at C$1.75.

GreenFirst Forest Products Stock Performance

The business’s 50-day simple moving average is C$2.10 and its two-hundred day simple moving average is C$2.84. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 24.73. The firm has a market cap of C$43.91 million, a price-to-earnings ratio of -0.41 and a beta of 0.86.

GreenFirst Forest Products Company Profile

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GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. GreenFirst is a Canadian managed company with around 7 sawmills and 1 paper mill located across Ontario and Quebec. It serves residential and commercial construction markets as well as the industrial market.

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