GreenFirst Forest Products (TSE:GFP) Stock Price Up 23.1%

GreenFirst Forest Products Inc. (TSE:GFP)’s share price was up 23.1% on Wednesday . The stock traded as high as C$0.82 and last traded at C$0.80. Approximately 113,316 shares changed hands during trading, an increase of 52% from the average daily volume of 74,590 shares. The stock had previously closed at C$0.65.

GreenFirst Forest Products Stock Performance

The company has a debt-to-equity ratio of 33.15, a quick ratio of 1.06 and a current ratio of 2.03. The firm’s 50-day moving average price is C$0.38 and its two-hundred day moving average price is C$0.52. The firm has a market capitalization of C$127.85 million, a price-to-earnings ratio of -2.50 and a beta of 0.91.

GreenFirst Forest Products (TSE:GFP) last issued its earnings results on Monday, August 12th. The company reported C($0.08) earnings per share for the quarter. GreenFirst Forest Products had a negative net margin of 12.12% and a negative return on equity of 26.52%. The business had revenue of C$94.38 million for the quarter. Sell-side analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.