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

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

Wall Street Analysts Forecast Growth

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

Conifex Timber Trading Up 1.2 %

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 has a fifty day moving average of C$0.43 and a 200-day moving average of C$0.43. The stock has a market capitalization of C$17.53 million, a price-to-earnings ratio of -0.62, a price-to-earnings-growth ratio of 0.06 and a beta of 1.42.

About Conifex Timber

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.