Conifex Timber (TSE:CFF) Stock Price Down 3.7% – Should You Sell?

Conifex Timber Inc. (TSE:CFF) shares traded down 3.7% on Thursday . The stock traded as low as C$0.12 and last traded at C$0.13. 192,172 shares changed hands during trading, an increase of 109% from the average session volume of 92,088 shares. The stock had previously closed at C$0.14.

Conifex Timber Stock Down 18.5%

The company has a market capitalization of C$4.48 million, a PE ratio of -0.13, a PEG ratio of 0.06 and a beta of 0.81. The company’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.15. The company has a quick ratio of 0.91, a current ratio of 0.33 and a debt-to-equity ratio of 176.22.

Conifex Timber (TSE:CFF) last posted its earnings results on Monday, March 23rd. The company reported C($0.33) earnings per share for the quarter. Conifex Timber had a negative net margin of 25.04% and a negative return on equity of 51.87%. The company had revenue of C$26.10 million for the quarter. On average, analysts anticipate that Conifex Timber Inc. will post 0.0300312 earnings per share 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.