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

Conifex Timber Inc. (TSE:CFF)’s stock price traded down 8% on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41. 12,933 shares traded 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.

Analyst Upgrades and Downgrades

Separately, Raymond James reduced their target price on 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 1.2 %

The stock has a 50 day moving average of C$0.43 and a 200 day moving average of C$0.43. The firm has a market capitalization of C$17.53 million, a price-to-earnings ratio of -0.62, a P/E/G ratio of 0.06 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 1.85 and a debt-to-equity ratio of 73.11.

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.