Shares of Conifex Timber Inc. (TSE:CFF – Get Free Report) fell 4.9% during mid-day trading on Friday . The company traded as low as C$0.39 and last traded at C$0.39. 19,750 shares traded hands during trading, a decline of 30% from the average session volume of 28,055 shares. The stock had previously closed at C$0.41.
Wall Street Analysts Forecast Growth
Separately, Raymond James cut their price objective on Conifex Timber from C$1.25 to C$0.85 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th.
Check Out Our Latest Report on Conifex Timber
Conifex Timber Price Performance
Conifex Timber (TSE:CFF – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.22) earnings per share (EPS) for the quarter. Conifex Timber had a negative return on equity of 23.85% and a negative net margin of 18.88%. The firm had revenue of C$31.80 million during the quarter. As a group, research analysts predict that Conifex Timber Inc. will post 0.0300312 earnings per share for the current fiscal year.
Conifex Timber Company Profile
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.
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