Conifex Timber (TSE:CFF) Reaches New 1-Year Low – Should You Sell?

Conifex Timber Inc. (TSE:CFF) hit a new 52-week low on Tuesday . The company traded as low as C$0.17 and last traded at C$0.17, with a volume of 131894 shares traded. The stock had previously closed at C$0.18.

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their price objective on 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$0.75.

Conifex Timber Price Performance

The firm has a market capitalization of C$6.73 million, a price-to-earnings ratio of -0.29, a P/E/G ratio of 0.06 and a beta of 1.25. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64. The company’s 50 day moving average price is C$0.24 and its 200 day moving average price is C$0.30.

Conifex Timber (TSE:CFF) last issued its quarterly earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. The firm had revenue of C$38.16 million for the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%. As a group, research analysts forecast that Conifex Timber Inc. will post 0.0300312 earnings per share 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.