Conifex Timber (TSE:CFF) Trading 2.3% Higher – Should You Buy?

Conifex Timber Inc. (TSE:CFF)’s share price shot up 2.3% during mid-day trading on Thursday . The stock traded as high as C$0.44 and last traded at C$0.44. 8,300 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 26,391 shares. The stock had previously closed at C$0.43.

Wall Street Analysts Forecast Growth

Separately, Raymond James dropped their price objective on shares of Conifex Timber from C$1.25 to C$0.85 and set an “outperform” rating for the company in a research note on Wednesday, August 14th.

Conifex Timber Stock Up 2.3 %

The company has a market capitalization of C$17.94 million, a price-to-earnings ratio of -0.64, a P/E/G ratio of 0.06 and a beta of 1.42. The business has a fifty day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.47. The company has a quick ratio of 0.91, a current ratio of 1.85 and a debt-to-equity ratio of 73.11.

Conifex Timber (TSE:CFF) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.22) EPS for the quarter. Conifex Timber had a negative net margin of 18.88% and a negative return on equity of 23.85%. The company had revenue of C$31.80 million during the quarter. Equities analysts expect that Conifex Timber Inc. will post 0.0300312 EPS for the current year.

About Conifex Timber

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as residual products, such as wood chips, trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.