Conifex Timber (TSE:CFF) Stock Price Down 3.7% – Should You Sell?

Conifex Timber Inc. (TSE:CFF) dropped 3.7% during mid-day trading on Thursday . The company traded as low as C$0.12 and last traded at C$0.13. Approximately 192,172 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 92,088 shares. The stock had previously closed at C$0.14.

Conifex Timber Trading Down 18.5%

The stock’s 50 day moving average price is C$0.13 and its 200-day moving average price is C$0.15. The company has a quick ratio of 0.91, a current ratio of 0.33 and a debt-to-equity ratio of 176.22. The stock has a market capitalization of C$4.48 million, a PE ratio of -0.13, a PEG ratio of 0.06 and a beta of 0.81.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Monday, March 23rd. The company reported C($0.33) earnings per share (EPS) for the quarter. The firm had revenue of C$26.10 million during the quarter. Conifex Timber had a negative return on equity of 51.87% and a negative net margin of 25.04%. On average, sell-side analysts expect 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.