Conifex Timber (TSE:CFF) Sets New 1-Year Low – Should You Sell?

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$0.17 and last traded at C$0.17, with a volume of 30000 shares. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

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

Conifex Timber Trading Down 3.0%

The company has a market cap of C$6.52 million, a P/E ratio of -0.18, a P/E/G ratio of 0.06 and a beta of 1.25. The business’s 50-day moving average price is C$0.24 and its 200 day moving average price is C$0.29. The company has a debt-to-equity ratio of 79.64, a quick ratio of 0.91 and a current ratio of 1.48.

Conifex Timber (TSE:CFF) last issued its earnings results on Friday, November 14th. The company reported C($0.37) earnings per share (EPS) 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. As a group, analysts expect 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.