Carbon Streaming (OTCMKTS:OFSTF) Trading Down 5.5% – Time to Sell?

Carbon Streaming Corporation (OTCMKTS:OFSTF) shares dropped 5.5% during mid-day trading on Thursday . The stock traded as low as $0.5689 and last traded at $0.5922. Approximately 13,735 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 17,576 shares. The stock had previously closed at $0.6269.

Carbon Streaming Stock Performance

The stock has a market capitalization of $29.05 million, a price-to-earnings ratio of -1.69 and a beta of -81.73. The business has a fifty day simple moving average of $0.59 and a 200 day simple moving average of $0.52.

Carbon Streaming (OTCMKTS:OFSTF) last posted its earnings results on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. Carbon Streaming had a negative return on equity of 4.10% and a negative net margin of 24,852.70%.

About Carbon Streaming

Carbon Streaming Corporation is a Vancouver, British Columbia–based company that specializes in providing upfront financing to carbon credit–generating projects worldwide. Founded in 2019, the company structures long?term carbon streaming agreements whereby it purchases a fixed portion of carbon credits produced by a given project in exchange for early capital support. These credits can then be sold to corporate and institutional buyers aiming to offset their greenhouse gas emissions.

The company’s portfolio spans a diverse array of nature?based and clean?energy initiatives.