Conifex Timber (TSE:CFF) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Conifex Timber Inc. (TSE:CFF) shares crossed below its 50 day moving average during trading on Friday . 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 3,934 shares traded.

Conifex Timber Stock Down 3.8%

The firm has a market capitalization of C$5.10 million, a PE ratio of -0.11, a PEG ratio of 0.06 and a beta of 0.55. The company’s 50 day simple moving average is C$0.13 and its 200-day simple moving average is C$0.13. The company has a debt-to-equity ratio of 330.49, a quick ratio of 0.91 and a current ratio of 0.68.

Conifex Timber (TSE:CFF) last issued its earnings results on Friday, August 14th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$23.00 million during the quarter. Conifex Timber had a negative return on equity of 103.21% and a negative net margin of 43.14%. On average, analysts forecast 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.