Conifex Timber (TSE:CFF) Shares Down 17.6% – Here’s Why

Conifex Timber Inc. (TSE:CFF)’s stock price was down 17.6% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 449,814 shares traded hands during mid-day trading, an increase of 1,051% from the average daily volume of 39,081 shares. The stock had previously closed at C$0.09.

Conifex Timber Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64. The company has a market cap of C$2.85 million, a PE ratio of -0.08, a P/E/G ratio of 0.06 and a beta of 1.09. The business’s fifty day moving average is C$0.20 and its 200-day moving average is C$0.27.

Conifex Timber (TSE:CFF) last announced its earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. The business had revenue of C$38.16 million for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. As a group, research analysts predict that Conifex Timber Inc. will post 0.0300312 EPS for the current fiscal 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.