GreenFirst Forest Products (TSE:GFP) Trading Down 2.5% – Time to Sell?

Posted by Lauren Steadman on Dec 28th, 2024

GreenFirst Forest Products Inc. (TSE:GFP – Get Free Report)’s share price dropped 2.5% during trading on Thursday . The company traded as low as C$5.44 and last traded at C$5.44. Approximately 1,400 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 9,383 shares. The stock had previously closed at C$5.58.

GreenFirst Forest Products Price Performance

The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 33.15. The firm’s fifty day moving average price is C$5.98 and its 200-day moving average price is C$2.45. The stock has a market cap of C$955.33 million, a P/E ratio of -2.07 and a beta of 1.17.

Insider Activity at GreenFirst Forest Products

In related news, Director Michael Clark Mitchell purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of C$5.54 per share, with a total value of C$55,413.00. 32.02% of the stock is owned by company insiders.

About GreenFirst Forest Products

(Get Free Report)

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.