Carbon Streaming (OTCMKTS:OFSTF) Stock Price Up 8.6% – Time to Buy?

by · The Markets Daily

Carbon Streaming Corporation (OTCMKTS:OFSTF – Get Free Report)’s share price was up 8.6% during trading on Monday. The company traded as high as $0.7491 and last traded at $0.7491. 1,375 shares traded hands during trading, a decline of 89% from the average session volume of 12,682 shares. The stock had previously closed at $0.69.

Carbon Streaming Stock Down 1.7%

The firm has a 50 day moving average of $0.68 and a two-hundred day moving average of $0.67. The firm has a market capitalization of $36.12 million, a price-to-earnings ratio of -18.41 and a beta of 1.08.

Carbon Streaming (OTCMKTS:OFSTF – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Carbon Streaming Company Profile

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Carbon Streaming Corporation is a carbon-finance company that historically focused on providing upfront capital to carbon-reduction and removal projects in exchange for the right to receive a portion of the carbon credits generated by those projects. Its streaming model was designed to give project developers funding while providing the company with long-term exposure to carbon-credit production.

The company’s project interests have included initiatives such as reforestation and forest conservation, improved land management, clean cookstoves, methane avoidance and carbon removal.

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