GreenFirst Forest Products (TSE:GFP) Announces Quarterly Earnings Results

GreenFirst Forest Products (TSE:GFP) released its quarterly earnings results on Tuesday. The company reported C($0.89) earnings per share (EPS) for the quarter, FiscalAI reports. GreenFirst Forest Products had a negative return on equity of 92.28% and a negative net margin of 32.56%.The firm had revenue of C$60.62 million during the quarter.

GreenFirst Forest Products Price Performance

TSE GFP opened at C$2.32 on Wednesday. The firm’s fifty day simple moving average is C$2.24 and its two-hundred day simple moving average is C$2.14. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 57.94. GreenFirst Forest Products has a 12-month low of C$1.59 and a 12-month high of C$4.24. The firm has a market capitalization of C$53.70 million, a P/E ratio of -0.53 and a beta of 1.19.

About GreenFirst Forest Products

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.