Conifex Timber (TSE:CFF) Stock Price Up 25% – Still a Buy?

Conifex Timber Inc. (TSE:CFF)’s share price shot up 25% on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. 97,051 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 79,847 shares. The stock had previously closed at C$0.12.

Conifex Timber Trading Up 25.0%

The company has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of C$0.12. The company has a market capitalization of C$6.12 million, a PE ratio of -0.13, a price-to-earnings-growth ratio of 0.06 and a beta of 0.66. The company has a debt-to-equity ratio of 254.12, a quick ratio of 0.91 and a current ratio of 0.96.

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 during the quarter. Analysts anticipate that Conifex Timber Inc. will post 0.0300312 earnings per share 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.