Conifex Timber (TSE:CFF) Reaches New 52-Week Low – Here’s What Happened

Conifex Timber Inc. (TSE:CFF)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 65169 shares trading hands. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lowered their target price on Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating for the company in a research note on Monday, August 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Conifex Timber presently has a consensus rating of “Hold” and an average target price of C$0.75.

Conifex Timber Stock Performance

The company has a debt-to-equity ratio of 79.64, a quick ratio of 0.91 and a current ratio of 1.48. The company has a market cap of C$3.47 million, a price-to-earnings ratio of -0.10, a P/E/G ratio of 0.06 and a beta of 1.09. The company has a fifty day moving average of C$0.20 and a two-hundred day moving average of C$0.27.

Conifex Timber (TSE:CFF) last posted its earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. The firm had revenue of C$38.16 million during the quarter. Equities research analysts anticipate 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.