Shares of Conifex Timber Inc (TSE:CFF) reached a new 52-week high during trading on Friday after CIBC raised their price target on the stock from C$7.00 to C$8.00. The stock traded as high as C$5.94 and last traded at C$5.67, with a volume of 10151 shares traded. The stock had previously closed at C$5.66.
Separately, Royal Bank of Canada lifted their target price on shares of Conifex Timber from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.
In related news, Director Janine Marie North acquired 10,000 shares of the stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of C$4.97 per share, with a total value of C$49,700.00. Also, insider Holdings Limited Princeton sold 124,800 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$4.61, for a total transaction of C$575,328.00.
About Conifex Timber
Conifex Timber Inc is a forestry company. The Company’s segments include Lumber, Bioenergy and Corporate & other. The Lumber segment’s primary activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber finishing. In its Lumber segment, the Company owns three sawmill complexes in British Columbia, one in Fort St.
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