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

Shares of Conifex Timber Inc. (TSE:CFF) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.20, with a volume of 59560 shares traded. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reduced their price target on shares of Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating on the stock in a research report on Monday, August 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Conifex Timber has a consensus rating of “Hold” and an average target price of C$0.75.

Conifex Timber Price Performance

The company has a debt-to-equity ratio of 79.64, a current ratio of 1.48 and a quick ratio of 0.91. The company has a 50-day simple moving average of C$0.25 and a 200-day simple moving average of C$0.30. The stock has a market cap of C$8.15 million, a PE ratio of -0.35, a PEG ratio of 0.06 and a beta of 1.25.

Conifex Timber (TSE:CFF) last announced its quarterly earnings results on Friday, November 14th. The company reported C($0.37) earnings per share for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. The firm had revenue of C$38.16 million during the quarter. Sell-side 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.