Conifex Timber (TSE:CFF) Stock Price Down 29.5%

Conifex Timber Inc (TSE:CFF) shares traded down 29.5% on Monday . The stock traded as low as C$0.31 and last traded at C$0.31, 115,601 shares changed hands during mid-day trading. An increase of 118% from the average session volume of 53,010 shares. The stock had previously closed at C$0.44.

Separately, Royal Bank of Canada lowered their price objective on shares of Conifex Timber from C$3.00 to C$2.00 in a research report on Tuesday, July 9th.

The company has a debt-to-equity ratio of 95.05, a quick ratio of 0.25 and a current ratio of 0.89. The stock has a market cap of $20.51 million and a price-to-earnings ratio of -0.27. The firm’s 50-day simple moving average is C$0.62 and its two-hundred day simple moving average is C$1.05.

Conifex Timber (TSE:CFF) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C($0.18) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.10). The business had revenue of C$95.72 million for the quarter. Equities research analysts expect that Conifex Timber Inc will post -0.4787036 earnings per share for the current fiscal 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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