GreenFirst Forest Products (TSE:GFP) Reaches New 12-Month Low – Should You Sell?

GreenFirst Forest Products Inc. (TSE:GFP)’s share price reached a new 52-week low on Friday. The company traded as low as C$1.34 and last traded at C$1.34, with a volume of 1,102 shares traded. The stock had previously closed at C$1.39.

GreenFirst Forest Products Stock Performance

The company has a quick ratio of 1.06, a current ratio of 2.11 and a debt-to-equity ratio of 149.36. The stock has a market capitalization of C$31.04 million, a PE ratio of -0.29 and a beta of 1.67. The stock has a fifty day moving average of C$1.74 and a 200-day moving average of C$2.05.

GreenFirst Forest Products (TSE:GFP) last issued its earnings results on Tuesday, August 11th. The company reported C$0.24 earnings per share for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. The firm had revenue of C$96.10 million for the quarter. Equities analysts anticipate that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current fiscal year.

About GreenFirst Forest Products

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products.