GreenFirst Forest Products (TSE:GFP) Reaches New 52-Week Low – Here’s What Happened

GreenFirst Forest Products Inc. (TSE:GFP)’s share price reached a new 52-week low on Friday. The stock traded as low as C$1.34 and last traded at C$1.34, with a volume of 1,102 shares changing hands. The stock had previously closed at C$1.39.

GreenFirst Forest Products Stock Down 3.6%

The firm’s fifty day simple moving average is C$1.74 and its 200-day simple moving average is C$2.05. The company has a market cap of C$31.04 million, a PE ratio of -0.29 and a beta of 1.67. The company has a quick ratio of 1.06, a current ratio of 2.11 and a debt-to-equity ratio of 149.36.

GreenFirst Forest Products (TSE:GFP) last released its earnings results on Tuesday, August 11th. The company reported C$0.24 earnings per share (EPS) for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. The company had revenue of C$96.10 million for the quarter. As a group, equities research analysts expect that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current fiscal 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.