Conifex Timber (TSE:CFF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Conifex Timber Inc. (TSE:CFF) passed below its 50 day moving average during trading on Thursday . 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 22,000 shares.

Conifex Timber Stock Up 4.2%

The business has a 50-day simple moving average of C$0.13 and a 200-day simple moving average of C$0.13. The company has a debt-to-equity ratio of 254.12, a quick ratio of 0.91 and a current ratio of 0.96. The company has a market cap of C$5.10 million, a price-to-earnings ratio of -0.11, a price-to-earnings-growth ratio of 0.06 and a beta of 0.55.

Conifex Timber (TSE:CFF) last released its earnings results on Friday, May 15th. The company reported C($0.23) earnings per share for the quarter. The firm had revenue of C$21.77 million for the quarter. Conifex Timber had a negative return on equity of 79.83% and a negative net margin of 38.18%. On average, equities analysts anticipate that Conifex Timber Inc. will post 0.0300312 earnings per share 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.