GreenFirst Forest Products (TSE:GFP) Stock Price Up 0.4% – Time to Buy?

GreenFirst Forest Products Inc. (TSE:GFP) shares shot up 0.4% during mid-day trading on Friday . The stock traded as high as C$5.55 and last traded at C$5.53. Approximately 13,403 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 7,469 shares. The stock had previously closed at C$5.51.

GreenFirst Forest Products Stock Performance

The stock has a 50-day moving average price of C$5.54 and a 200 day moving average price of C$2.98. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 33.15. The firm has a market capitalization of C$981.96 million, a price-to-earnings ratio of -2.13 and a beta of 1.17.

Insider Buying and Selling at GreenFirst Forest Products

In other GreenFirst Forest Products news, Director Michael Clark Mitchell acquired 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of C$5.54 per share, for a total transaction of C$55,413.00. 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.