Conifex Timber (TSE:CFF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of Conifex Timber Inc. (TSE:CFF) passed 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$0.12. Conifex Timber shares last traded at C$0.12, with a volume of 3,934 shares.

Conifex Timber Trading Down 3.8%

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 company has a market cap of C$5.10 million, a P/E ratio of -0.11, a P/E/G ratio of 0.06 and a beta of 0.55. The business has a fifty day simple moving average of C$0.13 and a 200 day simple moving average of C$0.13.

Conifex Timber (TSE:CFF) last issued its earnings results on Friday, August 14th. The company reported C($0.23) earnings per share for the quarter. Conifex Timber had a negative return on equity of 103.21% and a negative net margin of 43.14%.The business had revenue of C$23.00 million for the quarter. Analysts anticipate that Conifex Timber Inc. will post 0.0300312 earnings per share 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.