Western Forest Products Inc. (TSE:WEF) Insider Kernwood Limited Purchases 6,356,500 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited bought 6,356,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of C$0.39 per share, with a total value of C$2,479,035.00.

Kernwood Limited also recently made the following trade(s):

• On Monday, June 9th, Kernwood Limited bought 32,000 shares of Western Forest Products stock. The shares were acquired at an average cost of C$0.40 per share, with a total value of C$12,880.00.

Western Forest Products Price Performance

Shares of WEF stock opened at C$0.40 on Friday. Western Forest Products Inc. has a 12-month low of C$0.36 and a 12-month high of C$0.58. The firm has a market capitalization of C$126.70 million, a price-to-earnings ratio of -2.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The firm has a fifty day moving average of C$0.40 and a 200-day moving average of C$0.42.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada lowered their target price on shares of Western Forest Products from C$0.70 to C$0.50 and set a “sector perform” rating for the company in a report on Tuesday, April 22nd. Raymond James lowered their target price on shares of Western Forest Products from C$0.50 to C$0.40 and set a “market perform” rating for the company in a report on Wednesday, April 30th. Finally, TD Securities decreased their price target on shares of Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a report on Thursday, April 17th.

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.