Conifex Timber (TSE:CFF) Reaches New 12-Month Low – What’s Next?

Conifex Timber Inc. (TSE:CFF) hit a new 52-week low during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 148226 shares changing hands. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered their price objective on Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating on the stock in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Conifex Timber presently has a consensus rating of “Hold” and a consensus price target of C$0.75.

Conifex Timber Stock Performance

The company has a debt-to-equity ratio of 79.64, a quick ratio of 0.91 and a current ratio of 1.48. The company has a market capitalization of C$4.48 million, a price-to-earnings ratio of -0.13, a price-to-earnings-growth ratio of 0.06 and a beta of 1.09. The firm has a fifty day moving average price of C$0.22 and a 200-day moving average price of C$0.28.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Friday, November 14th. The company reported C($0.37) earnings per share (EPS) for the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%.The firm had revenue of C$38.16 million for the quarter. As a group, equities analysts anticipate 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.