Conifex Timber (TSE:CFF) Shares Up 15% – What’s Next?

Conifex Timber Inc. (TSE:CFF)’s stock price rose 15% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 100,787 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 80,654 shares. The stock had previously closed at C$0.10.

Conifex Timber Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 254.12. The company has a market cap of C$4.69 million, a P/E ratio of -0.13, a PEG ratio of 0.06 and a beta of 0.92. The firm has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.13.

Conifex Timber (TSE:CFF) last posted its earnings results on Friday, May 15th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$21.77 million for the quarter. Conifex Timber had a negative net margin of 38.18% and a negative return on equity of 79.83%. As a group, sell-side analysts anticipate that Conifex Timber Inc. will post 0.0300312 EPS 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.