Freestone Resources, Inc. (OTCMKTS:FSNR) posted its quarterly earnings results on Monday, May 15th. The energy company reported $0.00 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $0.25 million during the quarter. Freestone Resources had a negative return on equity of 9,835.56% and a negative net margin of 155.28%.
Shares of Freestone Resources (OTCMKTS:FSNR) opened at 0.042022 on Friday. Freestone Resources has a 12-month low of $0.03 and a 12-month high of $0.13. The stock has a 50 day moving average price of $0.05 and a 200 day moving average price of $0.06. The firm’s market capitalization is $3.84 million.
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About Freestone Resources
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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