Conifex Timber (TSE:CFF) Shares Pass Below Fifty Day Moving Average – What’s Next?

Conifex Timber Inc. (TSE:CFF)’s share price 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$0.11. Conifex Timber shares last traded at C$0.11, with a volume of 43,189 shares traded.

Conifex Timber Stock Performance

The firm has a market capitalization of C$4.48 million, a price-to-earnings ratio of -0.13, a P/E/G ratio of 0.06 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 254.12. The stock has a 50-day moving average price of C$0.13 and a 200 day moving average price of C$0.13.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.23) EPS for the quarter. Conifex Timber had a negative return on equity of 79.83% and a negative net margin of 38.18%.The company had revenue of C$21.77 million for the quarter. On average, analysts forecast that Conifex Timber Inc. will post 0.0300312 EPS 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.