Conifex Timber (TSE:CFF) Shares Up 15.4% – Here’s What Happened

Conifex Timber Inc. (TSE:CFF) shares shot up 15.4% on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. 395,507 shares changed hands during mid-day trading, an increase of 171% from the average session volume of 145,805 shares. The stock had previously closed at C$0.13.

Conifex Timber Stock Up 26.9%

The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64. The stock has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.24. The stock has a market cap of C$6.73 million, a price-to-earnings ratio of -0.19, a PEG ratio of 0.06 and a beta of 1.21.

Conifex Timber (TSE:CFF) last released its quarterly earnings results on Friday, November 14th. The company reported C($0.37) earnings per share for the quarter. The business had revenue of C$38.16 million for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. As a group, analysts predict that Conifex Timber Inc. will post 0.0300312 EPS for the current fiscal 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.