Conifex Timber (TSE:CFF) Trading Down 9.1% – What’s Next?

Conifex Timber Inc. (TSE:CFF) was down 9.1% on Friday . The company traded as low as C$0.10 and last traded at C$0.10. 293,203 shares changed hands during mid-day trading, an increase of 316% from the average daily volume of 70,528 shares. The stock had previously closed at C$0.11.

Conifex Timber Trading Down 18.2%

The company has a debt-to-equity ratio of 330.49, a quick ratio of 0.91 and a current ratio of 0.68. The firm has a 50-day moving average of C$0.13 and a 200-day moving average of C$0.13. The firm has a market capitalization of C$3.67 million, a P/E ratio of -0.08, a price-to-earnings-growth 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 company had revenue of C$23.00 million during the quarter. Conifex Timber had a negative net margin of 43.14% and a negative return on equity of 103.21%. On average, equities research analysts anticipate that Conifex Timber Inc. will post 0.0300312 EPS for the current fiscal 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.