Carbon Streaming (OTCMKTS:OFSTF – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.04 earnings per share for the quarter, Zacks reports.
Carbon Streaming Price Performance
OFSTF stock remained flat at $0.69 during mid-day trading on Monday. 2,552 shares of the company’s stock traded hands, compared to its average volume of 10,189. The stock has a market capitalization of $34.10 million, a price-to-earnings ratio of -17.38 and a beta of 0.96. The firm’s 50-day simple moving average is $0.69 and its two-hundred day simple moving average is $0.67. Carbon Streaming has a one year low of $0.50 and a one year high of $0.79.
About Carbon Streaming
Carbon Streaming Corp. is a carbon finance company that provides upfront capital to developers of carbon reduction and removal projects. In exchange, the company seeks rights to a portion of the carbon credits generated by those projects over time, typically through streaming and royalty agreements.
The company’s activities have included financing projects across areas such as reforestation, forest conservation, improved agricultural practices, and other carbon removal or emissions-reduction technologies.
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