Conifex Timber (TSE:CFF) Shares Down 13.6% – Here’s What Happened

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

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 stock has a market cap of C$4.89 million, a price-to-earnings ratio of -0.14, a PEG ratio of 0.06 and a beta of 1.21. The stock’s fifty day moving average is C$0.14 and its 200-day moving average is C$0.24.

Conifex Timber (TSE:CFF) last released its quarterly 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 net margin of 17.64% and a negative return on equity of 22.06%. On average, 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.