Conifex Timber (TSE:CFF) Stock Passes Below Fifty Day Moving Average – Here’s Why

Conifex Timber Inc. (TSE:CFF) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.13 and traded as low as C$0.12. Conifex Timber shares last traded at C$0.12, with a volume of 22,000 shares trading hands.

Conifex Timber Price Performance

The firm has a market capitalization of C$5.30 million, a price-to-earnings ratio of -0.12, a price-to-earnings-growth ratio of 0.06 and a beta of 0.55. The business has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.13. The company has a debt-to-equity ratio of 254.12, a current ratio of 0.96 and a quick ratio of 0.91.

Conifex Timber (TSE:CFF) last posted its quarterly earnings results on Friday, May 15th. The company reported C($0.23) earnings per share for the quarter. Conifex Timber had a negative return on equity of 79.83% and a negative net margin of 38.18%.The business had revenue of C$21.77 million for the quarter. On average, equities analysts anticipate that Conifex Timber Inc. will post 0.0300312 EPS 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.