Conifex Timber (TSE:CFF) Trading 15.4% Higher – Here’s Why

Conifex Timber Inc. (TSE:CFF) shot up 15.4% during trading on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. 395,507 shares were traded during mid-day trading, an increase of 171% from the average session volume of 145,805 shares. The stock had previously closed at C$0.13.

Conifex Timber Trading Down 8.8%

The firm’s 50 day simple moving average is C$0.13 and its 200-day simple moving average is C$0.23. The company has a market capitalization of C$6.32 million, a PE ratio of -0.18, a P/E/G ratio of 0.06 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64.

Conifex Timber (TSE:CFF) last issued its earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. The business had revenue of C$38.16 million during the quarter. As a group, equities research analysts anticipate that Conifex Timber Inc. will post 0.0300312 EPS for the current 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.