Conifex Timber (TSE:CFF) Trading Down 8% – Here’s What Happened

Conifex Timber Inc. (TSE:CFF) shares were down 8% during trading on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41. Approximately 12,933 shares changed hands during trading, a decline of 48% from the average daily volume of 24,959 shares. The stock had previously closed at C$0.44.

Analyst Upgrades and Downgrades

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

Conifex Timber Trading Down 8.0 %

The company has a market cap of C$16.51 million, a price-to-earnings ratio of -0.59, a PEG ratio of 0.06 and a beta of 1.42. The company has a debt-to-equity ratio of 73.11, a current ratio of 1.85 and a quick ratio of 0.91. The business’s 50-day simple moving average is C$0.43 and its 200-day simple moving average is C$0.43.

Conifex Timber Company Profile

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.