Conifex Timber (TSE:CFF) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

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$0.12. Conifex Timber shares last traded at C$0.12, with a volume of 3,934 shares.

Conifex Timber Stock Performance

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

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