Insider Buying: Western Forest Products Inc. (TSE:WEF) Insider Purchases 6,356,500 Shares of Stock

Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited acquired 6,356,500 shares of Western Forest Products stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of C$0.39 per share, with a total value of C$2,479,035.00.

Kernwood Limited also recently made the following trade(s):

• On Monday, June 9th, Kernwood Limited bought 32,000 shares of Western Forest Products stock. The stock was purchased at an average price of C$0.40 per share, for a total transaction of C$12,880.00.

Western Forest Products Stock Up 1.3%

Shares of Western Forest Products stock traded up C$0.01 on Thursday, hitting C$0.40. The company had a trading volume of 219,453 shares, compared to its average volume of 372,975. The firm has a market capitalization of C$126.70 million, a P/E ratio of -2.90, a P/E/G ratio of 0.32 and a beta of 1.81. Western Forest Products Inc. has a twelve month low of C$0.36 and a twelve month high of C$0.58. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. The stock has a 50-day moving average of C$0.40 and a 200-day moving average of C$0.42.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James lowered their target price on shares of Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada decreased their price target on shares of Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Securities decreased their target price on shares of Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating on the stock in a research report on Thursday, April 17th.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.