Carbon Streaming (OTCMKTS:OFSTF – Get Free Report) released its earnings results on Monday. The company reported $0.04 earnings per share for the quarter, Zacks reports.
Carbon Streaming Stock Performance
Shares of OFSTF remained flat at $0.69 during mid-day trading on Monday. 2,552 shares of the stock traded hands, compared to its average volume of 10,189. The company has a fifty day moving average of $0.69 and a 200-day moving average of $0.67. Carbon Streaming has a 1-year low of $0.50 and a 1-year high of $0.79. The company has a market capitalization of $34.10 million, a P/E ratio of -17.38 and a beta of 0.96.
Carbon Streaming Company Profile
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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