Carbon Streaming (OTCMKTS:OFSTF) Stock Jumps 3.1% – Here’s Why

Carbon Streaming Corporation (OTCMKTS:OFSTF)’s share price shot up 3.1% during trading on Wednesday. The company traded as high as $0.7009 and last traded at $0.7009. 1,120 shares traded hands during trading, a decline of 83% from the average session volume of 6,672 shares. The stock had previously closed at $0.68.

Carbon Streaming Price Performance

The firm has a market cap of $34.97 million, a PE ratio of -17.80 and a beta of 1.04. The stock’s fifty day moving average price is $0.66 and its 200-day moving average price is $0.67.

Carbon Streaming (OTCMKTS:OFSTF) last issued its earnings results on Wednesday, August 12th. The company reported ($0.06) earnings per share for the quarter. Carbon Streaming had a negative return on equity of 7.83% and a negative net margin of 8,270.00%.

Carbon Streaming Company Profile

Carbon Streaming Corp. is a Canadian company focused on financing projects that generate carbon credits. Its business model is designed to provide project developers with upfront capital in exchange for the right to receive a portion of the carbon credits produced by eligible projects over time.

The company’s activities have centered on carbon-credit streaming and related investments in projects intended to reduce or remove greenhouse-gas emissions. Potential project types include reforestation, improved forest management, methane capture, clean cooking initiatives and other environmental projects that generate verified carbon credits.

Carbon Streaming has pursued opportunities across multiple international markets, including North America, Latin America, Africa and the Asia-Pacific region.