tiprankstipranks
Coelacanth Energy’s Strong Q1 2024 Financial Surge
Company Announcements

Coelacanth Energy’s Strong Q1 2024 Financial Surge

Coelacanth Energy, Inc. (TSE:CEI) has released an update.

Don't Miss our Black Friday Offers:

Coelacanth Energy Inc. has reported a significant increase in Q1 2024 financials with oil and natural gas sales surging 284% to $3.66 million, and a notable improvement in cash flow from operations, which went from a deficit to $3.26 million. Despite this, the company experienced a net loss of $1.2 million, although this loss decreased by 33% from the previous year. Production metrics also showed substantial growth, with daily production of oil equivalents jumping 242%.

For further insights into TSE:CEI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskCoelacanth Energy Kickstarts Drilling with $52M Credit
TipRanks Canadian Auto-Generated NewsdeskCoelacanth Energy Reports Surge in Q2 Sales
TipRanks Canadian Auto-Generated NewsdeskCoelacanth Energy Advances with Two Rivers East Project
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App