Conifex Timber (TSE:CFF) Stock Passes 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 Thursday . 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 22,000 shares.

Conifex Timber Trading Up 4.2%

The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 254.12. The firm has a market cap of C$5.10 million, a PE ratio of -0.11, a P/E/G ratio of 0.06 and a beta of 0.55. The business has a fifty day moving average price of C$0.13 and a 200 day moving average price of C$0.13.

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