GreenFirst Forest Products (TSE:GFP) Stock Price Up 1.5% - Should You Buy?

Key Points

• GreenFirst Forest Products Inc. (TSE:GFP) saw its stock price rise by 1.5% during mid-day trading, reaching C$2.74.
• The company has a debt-to-equity ratio of 24.73 and a market capitalization of C$61.93 million, indicating significant leverage.
• GreenFirst focuses on sustainable forest management and operates around 7 sawmills and 1 paper mill across Ontario and Quebec.

GreenFirst Forest Products Inc. (TSE:GFP - )'s share price rose 1.5% during mid-day trading on Tuesday . The company traded as high as C$2.74 and last traded at C$2.74. Approximately 625 shares changed hands during trading, a decline of 85% from the average daily volume of 4,076 shares. The stock had previously closed at C$2.70.

GreenFirst Forest Products Trading Up 1.5%

The company has a debt-to-equity ratio of 24.73, a current ratio of 1.23 and a quick ratio of 1.06. The business's 50 day moving average price is C$3.02 and its 200-day moving average price is C$3.57. The firm has a market capitalization of C$61.93 million, a price-to-earnings ratio of -1.93 and a beta of 1.00.

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.

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