GreenFirst Forest Products Inc. (OTCMKTS:ICLTF – Get Free Report) shares dropped 4.7% during trading on Thursday . The stock traded as low as C$1.22 and last traded at C$1.22. 3,690 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 5,615 shares. The stock had previously closed at C$1.28.
GreenFirst Forest Products Stock Performance
The business’s fifty day simple moving average is C$1.48 and its 200-day simple moving average is C$1.59.
About GreenFirst Forest Products
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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