Conifex Timber (TSE:CFF) Shares Up 21.4% – Time to Buy?

Conifex Timber Inc. (TSE:CFF)’s stock price was up 21.4% during mid-day trading on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 144,543 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 52,430 shares. The stock had previously closed at C$0.07.

Conifex Timber Trading Up 21.4%

The stock has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.25. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64. The stock has a market cap of C$3.47 million, a PE ratio of -0.10, a price-to-earnings-growth ratio of 0.06 and a beta of 1.09.

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