Conifex Timber (TSE:CFF) Trading Up 1.5%

Conifex Timber Inc (TSE:CFF) was up 1.5% on Monday . The stock traded as high as C$0.67 and last traded at C$0.66, approximately 3,084 shares changed hands during mid-day trading. A decline of 91% from the average daily volume of 35,473 shares. The stock had previously closed at C$0.65.

Separately, Raymond James set a C$0.50 price objective on Conifex Timber and gave the company a “market perform” rating in a report on Sunday, May 17th.

The business has a 50-day moving average of C$0.50 and a two-hundred day moving average of C$0.56. The firm has a market cap of $23.51 million and a P/E ratio of -0.16. The company has a current ratio of 1.67, a quick ratio of 0.82 and a debt-to-equity ratio of 57.07.

Conifex Timber (TSE:CFF) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.10). The company had revenue of C$20.90 million during the quarter. As a group, equities analysts expect that Conifex Timber Inc will post -0.12 EPS for the current year.

Conifex Timber Company Profile (TSE:CFF)

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

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