GreenFirst Forest Products (TSE:GFP) Shares Down 1.5% – Should You Sell?

GreenFirst Forest Products Inc. (TSE:GFP) was down 1.5% on Tuesday . The stock traded as low as C$4.25 and last traded at C$4.45. Approximately 3,700 shares changed hands during trading, a decline of 40% from the average daily volume of 6,184 shares. The stock had previously closed at C$4.52.

GreenFirst Forest Products Trading Down 1.5 %

The company has a 50-day moving average price of C$5.09 and a two-hundred day moving average price of C$3.99. The stock has a market cap of C$100.58 million, a P/E ratio of -2.00 and a beta of 1.17. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 24.73.

Insider Buying and Selling at GreenFirst Forest Products

In other GreenFirst Forest Products news, Director Michael Clark Mitchell bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of C$5.54 per share, with a total value of C$55,413.00. Company insiders own 32.02% of the company’s stock.

About GreenFirst Forest Products

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.