Kernwood Limited Purchases 32,000 Shares of Western Forest Products Inc. (TSE:WEF) Stock

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited acquired 32,000 shares of the business’s stock in a transaction on Monday, June 9th. The shares were bought at an average cost of C$0.40 per share, with a total value of C$12,880.00.

Western Forest Products Trading Down 2.4%

Shares of TSE:WEF traded down C$0.01 during midday trading on Tuesday, reaching C$0.40. The company’s stock had a trading volume of 1,018,934 shares, compared to its average volume of 305,272. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The firm has a 50 day moving average price of C$0.40 and a two-hundred day moving average price of C$0.42. The firm has a market capitalization of C$126.70 million, a price-to-earnings ratio of -2.90, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products Inc. has a fifty-two week low of C$0.36 and a fifty-two week high of C$0.58.

Analyst Ratings Changes

WEF has been the subject of a number of recent research reports. TD Securities reduced their price objective on shares of Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reduced their price target on Western Forest Products from C$0.70 to C$0.50 and set a “sector perform” rating for the company in a research report on Tuesday, April 22nd. Finally, Raymond James lowered their price target on Western Forest Products from C$0.50 to C$0.40 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.