GreenFirst Forest Products (OTCMKTS:ICLTF) Trading Down 6.5% – Here’s Why

GreenFirst Forest Products Inc. (OTCMKTS:ICLTFGet Free Report) was down 6.5% on Wednesday . The company traded as low as C$1.45 and last traded at C$1.45. Approximately 1,930 shares were traded during trading, a decline of 66% from the average daily volume of 5,682 shares. The stock had previously closed at C$1.55.

GreenFirst Forest Products Stock Performance

The business has a fifty day simple moving average of C$1.56 and a two-hundred day simple moving average of C$1.55.

GreenFirst Forest Products Company Profile

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GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.

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