GreenFirst Forest Products (TSE:GFP) Trading Up 0.4% – Time to Buy?

Shares of GreenFirst Forest Products Inc. (TSE:GFPGet Free Report) rose 0.4% during trading on Friday . The stock traded as high as C$5.55 and last traded at C$5.53. Approximately 13,403 shares were traded during trading, an increase of 79% from the average daily volume of 7,469 shares. The stock had previously closed at C$5.51.

GreenFirst Forest Products Stock Performance

The company has a market cap of C$981.96 million, a PE ratio of -2.13 and a beta of 1.17. 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 business’s 50 day moving average is C$5.54 and its two-hundred day moving average is C$2.98.

Insider Activity

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

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.

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