Conifex Timber (TSE:CFF) Shares Up 15% – What’s Next?

Conifex Timber Inc. (TSE:CFF) shot up 15% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. 100,787 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 80,654 shares. The stock had previously closed at C$0.10.

Conifex Timber Trading Up 15.0%

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 firm has a market cap of C$4.69 million, a P/E ratio of -0.13, a P/E/G ratio of 0.06 and a beta of 0.92. The company’s 50 day simple moving average is C$0.13 and its 200-day simple moving average is C$0.13.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.23) earnings per share (EPS) for the quarter. The firm had revenue of C$21.77 million during the quarter. Conifex Timber had a negative return on equity of 79.83% and a negative net margin of 38.18%. As a group, research analysts predict that Conifex Timber Inc. will post 0.0300312 earnings per share for the current fiscal 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.