GreenFirst Forest Products (TSE:GFP) Shares Up 3.9% – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price traded up 3.9% during trading on Tuesday. The stock traded as high as C$1.92 and last traded at C$1.88. 4,887 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 6,868 shares. The stock had previously closed at C$1.81.

GreenFirst Forest Products Trading Down 5.6%

The business’s 50 day moving average price is C$1.90 and its 200-day moving average price is C$2.04. The company has a current ratio of 2.11, a quick ratio of 1.06 and a debt-to-equity ratio of 149.36. The company has a market cap of C$39.38 million, a price-to-earnings ratio of -0.37 and a beta of 1.58.

GreenFirst Forest Products (TSE:GFP) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$96.10 million for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. On average, equities analysts anticipate 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.