GreenFirst Forest Products (TSE:GFP) Sets New 12-Month Low – Here’s Why

GreenFirst Forest Products Inc. (TSE:GFP) reached a new 52-week low on Friday. The company traded as low as C$1.34 and last traded at C$1.34, with a volume of 1,102 shares. The stock had previously closed at C$1.39.

GreenFirst Forest Products Stock Performance

The stock has a market capitalization of C$31.04 million, a PE ratio of -0.29 and a beta of 1.67. The firm’s fifty day moving average is C$1.72 and its 200-day moving average is C$2.05. The company has a current ratio of 2.11, a quick ratio of 1.06 and a debt-to-equity ratio of 149.36.

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