Conifex Timber (TSE:CFF) Trading Up 38.9% – Here’s Why

Conifex Timber Inc. (TSE:CFF)’s stock price shot up 38.9% on Friday . The stock traded as high as C$0.12 and last traded at C$0.12. 353,581 shares traded hands during mid-day trading, an increase of 387% from the average session volume of 72,544 shares. The stock had previously closed at C$0.09.

Conifex Timber Stock Up 38.9%

The company has a debt-to-equity ratio of 330.49, a current ratio of 0.68 and a quick ratio of 0.91. The stock has a market capitalization of C$5.10 million, a P/E ratio of -0.11, a PEG ratio of 0.06 and a beta of 0.53. The stock has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.12.

Conifex Timber (TSE:CFF) last announced its earnings results on Friday, August 14th. The company reported C($0.23) earnings per share (EPS) for the quarter. Conifex Timber had a negative return on equity of 103.21% and a negative net margin of 43.14%.The company had revenue of C$23.00 million for the quarter. As a group, research analysts expect that Conifex Timber Inc. will post 0.0300312 EPS 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.