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

Conifex Timber Inc. (TSE:CFF)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 3532 shares traded. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded shares of Conifex Timber from an “outperform” rating to a “market perform” rating and set a C$0.85 price target for the company. in a research report on Thursday.

Conifex Timber Stock Up 6.7 %

The firm has a 50-day moving average of C$0.33 and a two-hundred day moving average of C$0.38. The stock has a market capitalization of C$13.05 million, a price-to-earnings ratio of -0.58, a price-to-earnings-growth ratio of 0.06 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64.

About Conifex Timber

Conifex Timber Inc engages in the production, marketing, and sale of lumber products in the United States, Canada, and Japan. The company is also involved in the timber harvesting, reforestation, and forest management activities; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips; and providing value added lumber finishing services.