GreenFirst Forest Products (TSE:GFP) Stock Price Up 7.1% – Here’s Why

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price was up 7.1% on Tuesday . The company traded as high as C$1.95 and last traded at C$1.95. Approximately 401 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 6,715 shares. The stock had previously closed at C$1.82.

GreenFirst Forest Products Stock Performance

The company has a market cap of C$45.14 million, a P/E ratio of -0.37 and a beta of 1.45. The firm has a 50 day moving average price of C$2.10 and a 200-day moving average price of C$2.19. The company has a debt-to-equity ratio of 183.88, a quick ratio of 1.06 and a current ratio of 1.79.

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