GreenFirst Forest Products (OTCMKTS:ICLTF) Stock Price Down 3.2% – Time to Sell?

GreenFirst Forest Products Inc. (OTCMKTS:ICLTF) shares dropped 3.2% during mid-day trading on Tuesday . The company traded as low as C$1.47 and last traded at C$1.50. Approximately 4,959 shares changed hands during trading, a decline of 25% from the average daily volume of 6,649 shares. The stock had previously closed at C$1.55.

GreenFirst Forest Products Trading Up 4.7%

The business’s fifty day simple moving average is C$1.72 and its 200-day simple moving average is C$1.57.

About GreenFirst Forest Products

GreenFirst Forest Products Inc (OTCMKTS: ICLTF) is a Canadian integrated forest products company that specializes in the production of high-yield wood fibre. Headquartered in Montreal, Quebec, the company owns and operates two chemi-thermomechanical pulp (CTMP) mills located in Baie-Comeau, Quebec and Grand Falls, New Brunswick. GreenFirst converts spruce, fir and pine logs and chips into CTMP, a versatile pulp product prized for its strength, bulk and brightness.

GreenFirst’s core product—high-yield pulp—is used primarily as a reinforcing and bulk-enhancing fibre in tissue and towel papers, folding boxboard and printing and writing papers.