Conifex Timber Inc (TSE:CFF) Director Thomas Reed bought 2,400 shares of the firm’s stock in a transaction on Monday, June 18th. The shares were purchased at an average cost of C$4.39 per share, with a total value of C$10,536.00.
TSE:CFF traded up C$0.18 on Friday, reaching C$5.74. 41,900 shares of the stock traded hands, compared to its average volume of 35,862. Conifex Timber Inc has a 1-year low of C$3.02 and a 1-year high of C$6.99.
Conifex Timber (TSE:CFF) last released its earnings results on Tuesday, May 15th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$130.83 million during the quarter. Conifex Timber had a net margin of 6.02% and a return on equity of 15.59%.
CFF has been the subject of a number of recent analyst reports. Raymond James increased their target price on shares of Conifex Timber from C$7.00 to C$9.00 in a research report on Tuesday, April 10th. CIBC increased their target price on shares of Conifex Timber from C$8.00 to C$9.00 in a research report on Monday, March 19th. Finally, TD Securities decreased their target price on shares of Conifex Timber from C$7.50 to C$7.00 and set a “hold” rating for the company in a research report on Friday, May 18th.
About Conifex Timber
Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.
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