GreenFirst Forest Products (TSE:GFP) Stock Price Up 5.2% – Time to Buy?

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price rose 5.2% during mid-day trading on Friday . The company traded as high as C$2.21 and last traded at C$2.21. Approximately 4,020 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 7,827 shares. The stock had previously closed at C$2.10.

GreenFirst Forest Products Trading Up 5.2%

The company has a debt-to-equity ratio of 183.88, a current ratio of 1.79 and a quick ratio of 1.06. The stock has a market capitalization of C$51.15 million, a price-to-earnings ratio of -0.42 and a beta of 1.19. The business has a 50 day simple moving average of C$2.11 and a 200-day simple moving average of C$2.12.

GreenFirst Forest Products (TSE:GFP) last posted its earnings results on Tuesday, May 5th. The company reported C($0.89) earnings per share (EPS) 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 during the quarter. As a group, equities analysts expect that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

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.