GreenFirst Forest Products (TSE:GFP) Shares Down 1.7% – Here’s Why

GreenFirst Forest Products Inc. (TSE:GFP) traded down 1.7% during mid-day trading on Monday . The stock traded as low as C$2.13 and last traded at C$2.26. 5,202 shares changed hands during trading, a decline of 27% from the average daily volume of 7,120 shares. The stock had previously closed at C$2.30.

GreenFirst Forest Products Price Performance

The firm has a market capitalization of C$52.31 million, a PE ratio of -0.43 and a beta of 1.38. The company has a debt-to-equity ratio of 183.88, a quick ratio of 1.06 and a current ratio of 1.79. The stock has a fifty day moving average price of C$2.12 and a 200-day moving average price of C$2.17.

GreenFirst Forest Products (TSE:GFP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C($0.89) earnings per share for the quarter. GreenFirst Forest Products had a negative return on equity of 149.94% and a negative net margin of 41.20%.The company had revenue of C$60.62 million for the quarter. Sell-side analysts forecast that GreenFirst Forest Products Inc. will post 0.05 EPS for the current fiscal 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.