Conifex Timber (TSE:CFF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of Conifex Timber Inc. (TSE:CFF) 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$0.10. Conifex Timber shares last traded at C$0.11, with a volume of 185,976 shares changing hands.

Conifex Timber Price Performance

The company has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.13. The firm has a market cap of C$4.08 million, a PE ratio of -0.09, a price-to-earnings-growth ratio of 0.06 and a beta of 0.53. The company has a current ratio of 0.68, a quick ratio of 0.91 and a debt-to-equity ratio of 330.49.

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