GreenFirst Forest Products (TSE:GFP) Trading Up 0.4% – Still a Buy?

GreenFirst Forest Products Inc. (TSE:GFP)’s stock price rose 0.4% during trading on Friday . The company traded as high as C$5.55 and last traded at C$5.53. Approximately 13,403 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 7,469 shares. The stock had previously closed at C$5.51.

GreenFirst Forest Products Stock Performance

The business’s 50 day simple moving average is C$5.54 and its two-hundred day simple moving average is C$2.98. The firm has a market capitalization of C$981.96 million, a PE ratio of -2.13 and a beta of 1.17. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 33.15.

Insider Buying and Selling at GreenFirst Forest Products

In related news, Director Michael Clark Mitchell bought 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of C$5.54 per share, for a total transaction of C$55,413.00. Corporate insiders own 32.02% of the company’s stock.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.