Insider Buying: GreenFirst Forest Products (TSE:GFP) Director Acquires 20,000 Shares of Stock

GreenFirst Forest Products Inc. (TSE:GFP) Director Michael Clark Mitchell purchased 20,000 shares of the stock in a transaction on Friday, November 14th. The shares were bought at an average cost of C$1.90 per share, for a total transaction of C$38,000.00. Following the transaction, the director directly owned 154,098 shares in the company, valued at approximately C$292,786.20. The trade was a 14.91% increase in their ownership of the stock.

Michael Clark Mitchell also recently made the following trade(s):

• On Friday, November 14th, Michael Clark Mitchell acquired 10,000 shares of GreenFirst Forest Products stock. The stock was bought at an average cost of C$1.97 per share, with a total value of C$19,700.00.
• On Monday, November 17th, Michael Clark Mitchell bought 10,000 shares of GreenFirst Forest Products stock. The stock was purchased at an average cost of C$1.83 per share, with a total value of C$18,300.00.

GreenFirst Forest Products Stock Down 2.5%

GFP traded down C$0.05 during trading on Friday, reaching C$1.95. 7,211 shares of the stock were exchanged, compared to its average volume of 5,986. The stock has a market cap of C$45.07 million, a P/E ratio of -0.42 and a beta of 0.86. GreenFirst Forest Products Inc. has a twelve month low of C$1.59 and a twelve month high of C$5.88. The stock’s 50 day moving average price is C$2.07 and its two-hundred day moving average price is C$2.81. The company has a debt-to-equity ratio of 24.73, a quick ratio of 1.06 and a current ratio of 1.23.

About GreenFirst Forest Products

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. GreenFirst is a Canadian managed company with around 7 sawmills and 1 paper mill located across Ontario and Quebec. It serves residential and commercial construction markets as well as the industrial market.