Conifex Timber (TSE:CFF) Trading Down 13.6% – Time to Sell?

Conifex Timber Inc. (TSE:CFF)’s stock price traded down 13.6% during mid-day trading on Monday . The stock traded as low as C$0.10 and last traded at C$0.10. 125,226 shares were traded during mid-day trading, an increase of 9% from the average session volume of 114,874 shares. The stock had previously closed at C$0.11.

Conifex Timber Trading Up 9.1%

The firm has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.24. The firm has a market capitalization of C$4.89 million, a P/E ratio of -0.14, a PEG ratio of 0.06 and a beta of 1.21. The company has a debt-to-equity ratio of 79.64, a quick ratio of 0.91 and a current ratio of 1.48.

Conifex Timber (TSE:CFF) last released its earnings results on Friday, November 14th. The company reported C($0.37) earnings per share (EPS) for the quarter. The firm had revenue of C$38.16 million during the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%. Equities research analysts forecast that Conifex Timber Inc. will post 0.0300312 earnings per share for the current year.

Conifex Timber Company Profile

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations.