Kolibri Global Energy (TSE:KEI) Shares Down 3% – Here’s Why

Kolibri Global Energy Inc. (TSE:KEIGet Free Report) traded down 3% during mid-day trading on Monday . The stock traded as low as C$4.37 and last traded at C$4.50. 7,566 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 11,005 shares. The stock had previously closed at C$4.64.

Kolibri Global Energy Trading Down 3.0 %

The firm has a 50-day moving average of C$4.44 and a 200-day moving average of C$4.50. The stock has a market capitalization of C$160.83 million, a price-to-earnings ratio of 8.18 and a beta of 2.32.

Kolibri Global Energy (TSE:KEIGet Free Report) last released its earnings results on Tuesday, August 13th. The company reported C$0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.15. Kolibri Global Energy had a return on equity of 8.51% and a net margin of 26.70%. The firm had revenue of C$19.04 million for the quarter, compared to the consensus estimate of C$19.79 million.

About Kolibri Global Energy

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Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.

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