GreenFirst Forest Products (TSE:GFP) Trading Up 0.5% – Time to Buy?

Shares of GreenFirst Forest Products Inc. (TSE:GFPGet Free Report) shot up 0.5% during trading on Monday . The stock traded as high as C$1.97 and last traded at C$1.89. 703 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,245 shares. The stock had previously closed at C$1.88.

GreenFirst Forest Products Price Performance

The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 24.73. The business’s 50-day simple moving average is C$1.90 and its two-hundred day simple moving average is C$2.57. The firm has a market cap of C$43.68 million, a price-to-earnings ratio of -0.41 and a beta of 1.12.

Insider Buying and Selling at GreenFirst Forest Products

In other news, Director Michael Clark Mitchell acquired 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of C$1.90 per share, for a total transaction of C$38,000.00. Following the completion of the transaction, the director directly owned 154,098 shares in the company, valued at C$292,786.20. This represents a 14.91% increase in their position. Insiders have acquired 40,000 shares of company stock worth $76,000 in the last ninety days. Corporate insiders own 32.02% of the company’s stock.

GreenFirst Forest Products Company Profile

(Get Free Report)

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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