Conifex Timber (TSE:CFF) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Conifex Timber Inc. (TSE:CFF)’s stock price crossed 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 changing hands.

Conifex Timber Price Performance

The stock has a market capitalization of C$5.10 million, a PE ratio of -0.11, a price-to-earnings-growth ratio of 0.06 and a beta of 0.60. The business’s 50-day moving average price is C$0.13 and its 200 day moving average price is C$0.13. The company has a debt-to-equity ratio of 254.12, a quick ratio of 0.91 and a current ratio of 0.96.

Conifex Timber (TSE:CFF) last issued its quarterly earnings data on Friday, May 15th. The company reported C($0.23) earnings per share (EPS) 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%. Research analysts forecast that Conifex Timber Inc. will post 0.0300312 earnings per share for the current year.

About Conifex Timber

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.