Western Forest Products Inc. (TSE:WEF - Get Free Report)'s share price rose 3.9% on Tuesday . The company traded as high as C$0.40 and last traded at C$0.40. Approximately 72,177 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 240,761 shares. The stock had previously closed at C$0.39.
Analysts Set New Price Targets
WEF has been the subject of a number of recent analyst reports. Raymond James lowered their price objective on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, January 30th. TD Securities reduced their target price on Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating for the company in a research note on Friday, November 8th.
Check Out Our Latest Stock Report on WEF
Western Forest Products Price Performance
The stock has a 50 day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.45. The firm has a market cap of C$148.87 million, a PE ratio of -3.41, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04.
About Western Forest Products
(
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Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.
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