GreenFirst Forest Products (TSE:GFP) Reaches New 12-Month Low – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP) hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$1.30 and last traded at C$1.30, with a volume of 1,507 shares traded. The stock had previously closed at C$1.37.

GreenFirst Forest Products Stock Up 10.8%

The stock has a market capitalization of C$33.36 million, a P/E ratio of -0.31 and a beta of 1.68. The company’s 50-day moving average price is C$1.63 and its 200 day moving average price is C$2.02. The company has a debt-to-equity ratio of 149.36, a quick ratio of 1.06 and a current ratio of 2.11.

GreenFirst Forest Products (TSE:GFP) last released its earnings results on Tuesday, August 11th. The company reported C$0.24 earnings per share for the quarter. The company 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%. As a group, equities analysts expect that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

GreenFirst Forest Products Company Profile

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.