Conifex Timber (TSE:CFF) Hits New 12-Month Low – Here’s Why

Conifex Timber Inc. (TSE:CFF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.06 and last traded at C$0.07, with a volume of 151440 shares. The stock had previously closed at C$0.07.

Conifex Timber Stock Up 7.7%

The firm has a 50-day moving average of C$0.17 and a two-hundred day moving average of C$0.25. The firm has a market cap of C$2.85 million, a price-to-earnings ratio of -0.08, a PEG ratio of 0.06 and a beta of 1.09. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 79.64.

Conifex Timber (TSE:CFF) last issued its quarterly earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%.The business had revenue of C$38.16 million during the quarter. As a group, sell-side analysts predict 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.