An announcement from GreenFirst Forest Products ( (TSE:GFP) ) is now available.
GreenFirst Forest Products reported a net loss of $26.6 million in Q4 2024, a significant decline from the previous quarter’s net income. Despite an increase in average lumber prices, the company faced challenges such as weather-related supply chain disruptions and potential tariffs on exports to the US. Strategic actions like the consolidation of shares, the spin-out of Kap Corporation, and a rights offering have improved liquidity and positioned the company for future growth.
More about GreenFirst Forest Products
GreenFirst Forest Products Inc. operates in the forestry industry, focusing on the production and sale of lumber and related products. The company is listed on the Toronto Stock Exchange under the symbol GFP and is involved in the decentralization and deconsolidation of its paper mill operations.
YTD Price Performance: -14.40%
Average Trading Volume: 7,917
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $69.36M
See more insights into GFP stock on TipRanks’ Stock Analysis page.
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