Conifex Timber (TSE:CFF) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Conifex Timber Inc. (TSE:CFF) shares passed below its 50-day moving average during trading on Wednesday . 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 10,498 shares.

Conifex Timber Stock Performance

The stock has a 50-day simple moving average of C$0.13 and a 200-day simple moving average of C$0.13. The stock has a market cap of C$4.89 million, a PE ratio of -0.11, a P/E/G ratio of 0.06 and a beta of 0.60. The company has a debt-to-equity ratio of 254.12, a current ratio of 0.96 and a quick ratio of 0.91.

Conifex Timber (TSE:CFF) last posted its quarterly earnings results on Friday, May 15th. The company reported C($0.23) EPS for the quarter. Conifex Timber had a negative net margin of 38.18% and a negative return on equity of 79.83%. The business had revenue of C$21.77 million during the quarter. Equities analysts predict that Conifex Timber Inc. will post 0.0300312 earnings per share for the current fiscal 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.