Conifex Timber (TSE:CFF) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Conifex Timber Inc. (TSE:CFF) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.13 and traded as low as C$0.12. Conifex Timber shares last traded at C$0.12, with a volume of 10,498 shares trading hands.

Conifex Timber Stock Performance

The company’s fifty day moving average is C$0.13 and its 200 day moving average is C$0.13. The company has a market capitalization of C$5.10 million, a P/E ratio of -0.11, a P/E/G ratio of 0.06 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 254.12.

Conifex Timber (TSE:CFF) last issued its earnings results on Friday, May 15th. The company reported C($0.23) earnings per share (EPS) for the quarter. The business had revenue of C$21.77 million for the quarter. Conifex Timber had a negative net margin of 38.18% and a negative return on equity of 79.83%. As a group, equities analysts anticipate that Conifex Timber Inc. will post 0.0300312 earnings per share for the current 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.