GreenFirst Forest Products (OTCMKTS:ICLTF) Shares Down 6.5% – What’s Next?
by Scott Moore · The Cerbat GemGreenFirst Forest Products Inc. (OTCMKTS:ICLTF – Get Free Report)’s stock price was down 6.5% during trading on Wednesday . The company traded as low as C$1.45 and last traded at C$1.45. Approximately 1,930 shares traded hands during trading, a decline of 66% from the average daily volume of 5,682 shares. The stock had previously closed at C$1.55.
GreenFirst Forest Products Stock Performance
The stock has a 50-day moving average price of C$1.55 and a 200 day moving average price of C$1.55.
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.