Conifex Timber (TSE:CFF) Stock Price Up 13.6% – Here’s What Happened

Conifex Timber Inc. (TSE:CFF)’s stock price rose 13.6% during mid-day trading on Thursday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 266,500 shares were traded during mid-day trading, an increase of 158% from the average daily volume of 103,112 shares. The stock had previously closed at C$0.11.

Conifex Timber Stock Up 22.7%

The company has a debt-to-equity ratio of 134.53, a current ratio of 1.10 and a quick ratio of 0.91. The firm has a market cap of C$5.50 million, a P/E ratio of -0.15, a PEG ratio of 0.06 and a beta of 1.89. The firm’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.19.

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.