Conifex Timber (TSE:CFF) Trading Up 25% – Here’s Why

Conifex Timber Inc. (TSE:CFF) rose 25% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 97,051 shares changed hands during trading, an increase of 22% from the average daily volume of 79,847 shares. The stock had previously closed at C$0.12.

Conifex Timber Stock Performance

The company has a market cap of C$5.50 million, a price-to-earnings ratio of -0.12, a P/E/G ratio of 0.06 and a beta of 0.66. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 254.12. The stock’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.12.

Conifex Timber (TSE:CFF) last released its earnings results on Friday, May 15th. The company reported C($0.23) earnings per share for the quarter. The business had revenue of C$21.77 million during the quarter. Conifex Timber had a negative return on equity of 79.83% and a negative net margin of 38.18%. As a group, analysts anticipate 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.