Conifex Timber (TSE:CFF) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Conifex Timber Inc. (TSE:CFF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.13 and traded as low as C$0.11. Conifex Timber shares last traded at C$0.11, with a volume of 43,189 shares.

Conifex Timber Stock Down 4.3%

The business has a fifty day moving average of C$0.13 and a two-hundred day moving average of C$0.13. The company has a market cap of C$4.48 million, a price-to-earnings ratio of -0.13, a PEG ratio of 0.06 and a beta of 0.92. The company has a current ratio of 0.33, a quick ratio of 0.91 and a debt-to-equity ratio of 176.22.

Conifex Timber (TSE:CFF) last announced its earnings results on Friday, May 15th. The company reported C($0.23) EPS for the quarter. Conifex Timber had a negative net margin of 25.04% and a negative return on equity of 51.87%. The firm had revenue of C$21.77 million for the quarter. As a group, equities 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.