Crown Point Energy ( (TSE:CWV) ) has issued an announcement.
Crown Point Energy reported its unaudited financial and operating results for Q4 and the year 2024, highlighting a net cash usage of $1.5 million in operating activities and $19.6 million in oil and natural gas sales revenue. The company completed significant acquisitions, including a 100% interest in the Santa Cruz Concessions, which contributed to increased oil sales volumes. Despite these developments, Crown Point faced a net loss of $3.1 million and a working capital deficit of $28.8 million, indicating financial challenges amidst its expansion efforts.
More about Crown Point Energy
Crown Point Energy Inc. operates in the oil and natural gas industry, focusing on exploration and production activities. The company is involved in hydrocarbon exploitation concessions, particularly in regions like Santa Cruz, and aims to expand its market presence through strategic acquisitions.
YTD Price Performance: 122.22%
Average Trading Volume: 11,385
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$14.58M
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