Conifex Timber (TSE:CFF) Shares Up 38.9% – Time to Buy?

Conifex Timber Inc. (TSE:CFF) shares rose 38.9% during mid-day trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.12. 353,581 shares changed hands during trading, an increase of 387% from the average session volume of 72,544 shares. The stock had previously closed at C$0.09.

Conifex Timber Stock Performance

The firm has a fifty day simple moving average of C$0.12 and a 200 day simple moving average of C$0.12. The company has a current ratio of 0.68, a quick ratio of 0.91 and a debt-to-equity ratio of 330.49. The stock has a market cap of C$5.10 million, a price-to-earnings ratio of -0.11, a PEG ratio of 0.06 and a beta of 0.53.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Friday, August 14th. The company reported C($0.23) earnings per share for the quarter. The firm had revenue of C$23.00 million for the quarter. Conifex Timber had a negative return on equity of 103.21% and a negative net margin of 43.14%. As a group, sell-side analysts expect 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.