GreenFirst Forest Products (TSE:GFP) Trading 4.1% Higher – Time to Buy?

GreenFirst Forest Products Inc. (TSE:GFP)’s share price traded up 4.1% during trading on Tuesday . The company traded as high as C$2.01 and last traded at C$2.01. 15,605 shares were traded during mid-day trading, an increase of 140% from the average daily volume of 6,493 shares. The stock had previously closed at C$1.93.

GreenFirst Forest Products Trading Down 0.5%

The company’s 50 day moving average is C$1.94 and its 200 day moving average is C$2.13. The stock has a market capitalization of C$45.17 million, a price-to-earnings ratio of -0.42 and a beta of 1.44. 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. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. The business had revenue of C$96.10 million during the quarter. On average, research analysts forecast that GreenFirst Forest Products Inc. will post 0.05 EPS 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.