GreenFirst Forest Products (TSE:GFP) Trading Down 2.5% – Here’s What Happened

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price traded down 2.5% on Thursday . The company traded as low as C$5.44 and last traded at C$5.44. 1,400 shares were traded during trading, a decline of 85% from the average session volume of 9,383 shares. The stock had previously closed at C$5.58.

GreenFirst Forest Products Trading Down 2.5 %

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 33.15. The stock has a market capitalization of C$965.98 million, a P/E ratio of -2.09 and a beta of 1.17. The business has a 50-day moving average price of C$6.06 and a two-hundred day moving average price of C$2.39.

Insiders Place Their Bets

In other GreenFirst Forest Products news, Director Michael Clark Mitchell purchased 10,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of C$5.54 per share, with a total value of C$55,413.00. Corporate insiders own 32.02% of the company’s stock.

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.