Conifex Timber (TSE:CFF) Shares Down 8% – Should You Sell?

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

Analysts Set New Price Targets

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

Conifex Timber Price Performance

The stock has a fifty day moving average of C$0.43 and a two-hundred day moving average of C$0.43. The stock has a market cap of C$16.51 million, a price-to-earnings ratio of -0.59, a price-to-earnings-growth 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.

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.