GreenFirst Forest Products (OTCMKTS:ICLTF) Stock Price Down 1% – Here’s Why

Shares of GreenFirst Forest Products Inc. (OTCMKTS:ICLTF – Get Free Report) were down 1% on Thursday. The company traded as low as C$1.00 and last traded at C$1.00. Approximately 12,600 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 6,484 shares. The stock had previously closed at C$1.01.

GreenFirst Forest Products Stock Performance

The company’s 50-day simple moving average is C$1.27 and its 200 day simple moving average is C$1.39.

About GreenFirst Forest Products

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GreenFirst Forest Products Inc is a Canadian forest products company focused on the sustainable management of forest resources and the production of lumber and related wood products. The company operates sawmills and manages forest tenure in Canada, with activities concentrated in Northern Ontario and Quebec.

Its primary products include spruce, pine and fir lumber used in residential and commercial construction, along with wood chips, sawdust and other residual products generated through the lumber manufacturing process.

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