GreenFirst Forest Products (TSE:GFP) Trading Up 1.5% – Time to Buy?

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price was up 1.5% on Friday . The stock traded as high as C$2.07 and last traded at C$2.05. Approximately 3,200 shares traded hands during trading, a decline of 63% from the average daily volume of 8,724 shares. The stock had previously closed at C$2.02.

GreenFirst Forest Products Price Performance

The company has a debt-to-equity ratio of 183.88, a quick ratio of 1.06 and a current ratio of 1.79. The company’s fifty day simple moving average is C$2.22 and its two-hundred day simple moving average is C$2.14. The stock has a market capitalization of C$47.45 million, a PE ratio of -0.47 and a beta of 1.19.

GreenFirst Forest Products (TSE:GFP) last posted its earnings results on Tuesday, May 5th. The company reported C($0.89) earnings per share for the quarter. GreenFirst Forest Products had a negative net margin of 41.20% and a negative return on equity of 149.94%. The business had revenue of C$60.62 million for the quarter. As a group, sell-side analysts predict that GreenFirst Forest Products Inc. will post 0.05 EPS for the current year.

GreenFirst Forest Products Company Profile

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.