Conifex Timber (TSE:CFF) Reaches New 12-Month Low – Time to Sell?

Conifex Timber Inc. (TSE:CFF) shares hit a new 52-week low on Monday . The company traded as low as C$0.26 and last traded at C$0.26, with a volume of 25211 shares changing hands. The stock had previously closed at C$0.28.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial dropped their price objective on shares of Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating on the stock in a report on Monday, August 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$0.75.

Conifex Timber Price Performance

The stock has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.32. The firm has a market cap of C$10.60 million, a PE ratio of -0.46, a price-to-earnings-growth ratio of 0.06 and a beta of 1.28. The company has a debt-to-equity ratio of 79.64, a quick ratio of 0.91 and a current ratio of 1.48.

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.