GreenFirst Forest Products (TSE:GFP) Trading Up 1.5% – Time to Buy?

GreenFirst Forest Products Inc. (TSE:GFP)’s share price shot up 1.5% during mid-day trading on Friday . The stock traded as high as C$2.07 and last traded at C$2.05. 3,200 shares changed hands during trading, a decline of 63% from the average session volume of 8,724 shares. The stock had previously closed at C$2.02.

GreenFirst Forest Products Price Performance

The company’s 50 day simple moving average is C$2.22 and its 200-day simple moving average is C$2.14. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 183.88. The company has a market capitalization of C$47.45 million, a price-to-earnings ratio of -0.47 and a beta of 1.19.

GreenFirst Forest Products (TSE:GFP) last released its earnings results on Tuesday, May 5th. The company reported C($0.89) earnings per share (EPS) for the quarter. GreenFirst Forest Products had a negative return on equity of 149.94% and a negative net margin of 41.20%.The company had revenue of C$60.62 million during the quarter. On average, equities research analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current fiscal 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.