Conifex Timber (TSE:CFF) Reaches New 1-Year Low – Here’s Why

Conifex Timber Inc. (TSE:CFF) shares hit a new 52-week low on Monday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 500 shares changing hands. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their price objective on shares of Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating on the stock in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$0.75.

Conifex Timber Stock Performance

The firm has a market cap of C$9.17 million, a P/E ratio of -0.39, a PEG ratio of 0.06 and a beta of 1.25. The firm’s fifty day moving average is C$0.26 and its two-hundred day moving average is C$0.31. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64.

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.