Conifex Timber (TSE:CFF) Reaches New 52-Week Low – Should You Sell?

Shares of Conifex Timber Inc. (TSE:CFF) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 126664 shares trading hands. The stock had previously closed at C$0.07.

Conifex Timber Stock Performance

The company has a debt-to-equity ratio of 79.64, a current ratio of 1.48 and a quick ratio of 0.91. The company has a market cap of C$2.45 million, a PE ratio of -0.07, a price-to-earnings-growth ratio of 0.06 and a beta of 1.09. The business has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.26.

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