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

Western Forest Products logo with Basic Materials background

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

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

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

Western Forest Products Price Performance

Shares of TSE:WEF remained flat at C$0.40 during midday trading on Friday. The stock had a trading volume of 222,615 shares, compared to its average volume of 375,224. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The firm has a market cap of C$126.70 million, a P/E ratio of -2.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products Inc. has a 52-week low of C$0.36 and a 52-week high of C$0.58. The business has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.42.

Analyst Upgrades and Downgrades

WEF has been the topic of several research analyst reports. Raymond James lowered their price target on Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada lowered their price target on Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Finally, TD Securities lowered their price target on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating on the stock in a report on Thursday, April 17th.

View Our Latest Research Report on WEF

About Western Forest Products

(Get Free Report)

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.

Further Reading

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