Conifex Timber (TSE:CFF) Stock Price Down 9.1% – Here’s Why

Conifex Timber Inc. (TSE:CFF)’s stock price fell 9.1% during trading on Friday . The company traded as low as C$0.10 and last traded at C$0.10. 293,203 shares were traded during trading, an increase of 316% from the average session volume of 70,528 shares. The stock had previously closed at C$0.11.

Conifex Timber Stock Down 9.1%

The firm has a market capitalization of C$4.08 million, a price-to-earnings ratio of -0.09, a P/E/G ratio of 0.06 and a beta of 0.53. The stock has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.13. The company has a debt-to-equity ratio of 330.49, a current ratio of 0.68 and a quick ratio of 0.91.

Conifex Timber (TSE:CFF) last announced its earnings results on Friday, August 14th. The company reported C($0.23) EPS for the quarter. Conifex Timber had a negative return on equity of 103.21% and a negative net margin of 43.14%.The company had revenue of C$23.00 million for the quarter. Sell-side analysts anticipate 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.