Conifex Timber (TSE:CFF) Stock Price Down 13.6% – Time to Sell?

Conifex Timber Inc. (TSE:CFF)’s stock price traded down 13.6% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.10. 304,544 shares traded hands during mid-day trading, an increase of 844% from the average session volume of 32,276 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

Separately, Raymond James Financial cut their price target on Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating for the company in a research note on Monday, August 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Conifex Timber currently has a consensus rating of “Hold” and an average price target of C$0.75.

Conifex Timber Price Performance

The stock has a fifty day moving average of C$0.20 and a two-hundred day moving average of C$0.28. The stock has a market cap of C$3.47 million, a price-to-earnings ratio of -0.10, a price-to-earnings-growth ratio of 0.06 and a beta of 1.09. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64.

Conifex Timber (TSE:CFF) last released its earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. The business had revenue of C$38.16 million during the quarter. On average, equities research 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.