GreenFirst Forest Products (TSE:GFP) Trading Down 3.4% – Time to Sell?

GreenFirst Forest Products Inc. (TSE:GFPGet Free Report) dropped 3.4% on Tuesday . The stock traded as low as C$2.25 and last traded at C$2.29. Approximately 2,810 shares traded hands during trading, a decline of 75% from the average daily volume of 11,390 shares. The stock had previously closed at C$2.37.

GreenFirst Forest Products Trading Down 3.4%

The company has a market capitalization of C$52.93 million, a P/E ratio of -0.50 and a beta of 1.12. The company has a 50-day simple moving average of C$1.93 and a 200 day simple moving average of C$2.42. The company has a debt-to-equity ratio of 24.73, a quick ratio of 1.06 and a current ratio of 1.23.

Insider Transactions at GreenFirst Forest Products

In related news, Director Michael Clark Mitchell bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of C$1.90 per share, for a total transaction of C$38,000.00. Following the purchase, the director directly owned 154,098 shares in the company, valued at C$292,786.20. This trade represents a 14.91% increase in their ownership of the stock. Insiders have acquired a total of 40,000 shares of company stock worth $76,000 over the last 90 days. Insiders own 32.02% of the company’s stock.

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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