GreenFirst Forest Products (OTCMKTS:ICLTF) Trading 6.4% Higher – Still a Buy?

GreenFirst Forest Products Inc. (OTCMKTS:ICLTFGet Free Report)’s share price traded up 6.4% during mid-day trading on Thursday . The stock traded as high as C$1.82 and last traded at C$1.82. 1,500 shares were traded during trading, a decline of 76% from the average session volume of 6,129 shares. The stock had previously closed at C$1.71.

GreenFirst Forest Products Stock Up 6.4%

The business’s fifty day moving average price is C$1.33 and its 200 day moving average price is C$1.80.

About GreenFirst Forest Products

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GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.

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