Shares of Conifex Timber Inc. (TSE:CFF – Get Free Report) traded up 13.6% during trading on Thursday . The company traded as high as C$0.13 and last traded at C$0.13. 266,500 shares changed hands during trading, an increase of 158% from the average session volume of 103,112 shares. The stock had previously closed at C$0.11.
Conifex Timber Stock Up 22.7%
The firm’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.19. The company has a market capitalization of C$5.50 million, a price-to-earnings ratio of -0.15, a price-to-earnings-growth ratio of 0.06 and a beta of 1.89. The company has a debt-to-equity ratio of 134.53, a quick ratio of 0.91 and a current ratio of 1.10.
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.
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