Conifex Timber (TSE:CFF) Sets New 52-Week Low – Here’s Why

Conifex Timber Inc. (TSE:CFF)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.17, with a volume of 131894 shares changing hands. The stock had previously closed at C$0.18.

Analyst Ratings Changes

Separately, Raymond James Financial decreased their target price on Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating for the company in a research report on Monday, August 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$0.75.

Conifex Timber Stock Performance

The stock has a market cap of C$6.93 million, a P/E ratio of -0.30, a price-to-earnings-growth ratio of 0.06 and a beta of 1.25. The company has a debt-to-equity ratio of 79.64, a current ratio of 1.48 and a quick ratio of 0.91. The stock’s 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.30.

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 for the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%. As a group, research analysts forecast that Conifex Timber Inc. will post 0.0300312 EPS for the current year.

About Conifex Timber

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.