Conifex Timber (TSE:CFF) Shares Down 11.5% – Time to Sell?

Shares of Conifex Timber Inc. (TSE:CFF) dropped 11.5% on Monday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 100,181 shares were traded during trading, a decline of 8% from the average daily volume of 109,118 shares. The stock had previously closed at C$0.13.

Conifex Timber Price Performance

The firm has a market capitalization of C$4.69 million, a price-to-earnings ratio of -0.13, a P/E/G ratio of 0.06 and a beta of 1.89. The company’s 50 day moving average is C$0.11 and its 200 day moving average is C$0.19. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64.

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.