True North Energy Corp. (OTCMKTS:TNEN)’s stock has gained a whopping 1,275% on a volume of 1.88 million shares and is currently trading at $0.0440.
The company opened the day’s trading session at $0.0032 but luckily the value was also the day’s low. The company’s shares, reached the day’s high of $0.07. TNEN shares have experienced a 52-week high of $0.50 and a 52-week low of $0.00342. The firm’s market capitalization currently stands at $129,662 with average volume of $37,911.
True North Energy Corp’s earnings per share is $-15 and has 148,400 shares outstanding. TNEN has a debt to capital ratio of 70.35%. The ratio is currently higher than it was a year ago. The company’s short-term assets and liabilities indicate a deficiency in liquid assets, meaning the company cannot satisfy its current debt.
True North Corp. announced a year ago that it was seeking to find additional acquisitions and funding permitting. The company’s subsidiary, Marco Capital LTD was designated to seek out opportunities in emerging markets especially in China. According to TNEN’s CEO, Gilbert Steedley, the diversification of the firm’s investments was meant to provide a wide range of opportunities and would thus be in the interest of the shareholders.
Mr. Steedley was appointed as the company’s interim CEO in 2013 after a majority vote demanded a change in the company’s leadership. Steedley also took up the director’s position in the firm. Once he took up the positions, he announced his interest in remaining as the company’s director even after the expiration of his term as CEO.
Mr. William M. Simmons was elected to the board of True North Energy Corp. (OTCMKTS:TNEN) in the month of December 2014. The company recently underwent some exciting changes, by building an energy company. Also had developments in phase projects, earnings, and is methodically moving forward.
True North Energy Corp. (OTCMKTS:TNEN) acquired 0.051416% royalty interest in K Farm 9-18N-1W #1WH in an auction a year ago. The well is operated by Devon Energy Corporation of Oklahoma City.