Conifex Timber (TSE:CFF) Reaches New 12-Month Low – Here’s What Happened

Conifex Timber Inc. (TSE:CFF) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 126664 shares trading hands. The stock had previously closed at C$0.07.

Conifex Timber Stock Up 8.3%

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 company has a market cap of C$2.65 million, a P/E ratio of -0.07, a PEG ratio of 0.06 and a beta of 1.09. The firm has a fifty day moving average price of C$0.17 and a 200 day moving average price of C$0.26.

Conifex Timber (TSE:CFF) last announced its earnings results on Friday, November 14th. The company reported C($0.37) earnings per share (EPS) for the quarter. The company had revenue of C$38.16 million for the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%. Equities research analysts forecast that Conifex Timber Inc. will post 0.0300312 earnings per share 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.