Freestone Resources, Inc. (FSNR) Posts Earnings Results
Freestone Resources, Inc. (OTCMKTS:FSNR) released its earnings results on Monday. The energy company reported $0.00 earnings per share (EPS) for the quarter. Freestone Resources had a negative net margin of 211.37% and a negative return on equity of 7,376.67%. The company had revenue of $0.25 million during the quarter.
Shares of Freestone Resources (OTCMKTS:FSNR) traded down 11.11% on Friday, hitting $0.04. 25,000 shares of the stock traded hands. The firm’s market capitalization is $3.65 million. Freestone Resources has a 52 week low of $0.03 and a 52 week high of $0.13. The firm’s 50 day moving average is $0.06 and its 200 day moving average is $0.06.
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Freestone Resources Company Profile
Freestone Resources, Inc is an oil and gas technology development company. The Company is engaged in developing and marketing technologies and solvents designed for various sectors in the oil and gas industry. Its products and services include Off-The-Road (OTR) Tire Services and Petrozene. Its Petrozene is used to dissolve paraffin buildup, and it is used for pipelines, oil storage tanks, oil sludge build up, de-emulsification, well treatment, as a corrosion inhibitor and as a catalyst in opening up formations thereby aiding in oil production.
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