GreenFirst Forest Products (TSE:GFP) Sets New 12-Month Low – Here’s Why

Shares of GreenFirst Forest Products Inc. (TSE:GFP) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$1.35 and last traded at C$1.41, with a volume of 8,803 shares trading hands. The stock had previously closed at C$1.50.

GreenFirst Forest Products Price Performance

The company’s 50-day moving average is C$1.80 and its 200-day moving average is C$1.96. The firm has a market cap of C$32.89 million, a price-to-earnings ratio of -0.31 and a beta of 1.67. The company has a current ratio of 2.11, a quick ratio of 1.06 and a debt-to-equity ratio of 149.36.

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