Kolibri Global Energy (TSE:KEI) Shares Down 3% – Here’s Why

Kolibri Global Energy Inc. (TSE:KEI) dropped 3% during mid-day trading on Monday . The company traded as low as C$4.37 and last traded at C$4.50. Approximately 7,566 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 11,005 shares. The stock had previously closed at C$4.64.

Kolibri Global Energy Price Performance

The business has a fifty day moving average of C$4.44 and a 200-day moving average of C$4.50. The stock has a market cap of C$160.83 million, a PE ratio of 8.18 and a beta of 2.32.

Kolibri Global Energy (TSE:KEI) last posted its earnings results on Tuesday, August 13th. The company reported C$0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.15. The company had revenue of C$19.04 million during the quarter, compared to analyst estimates of C$19.79 million. Kolibri Global Energy had a return on equity of 8.51% and a net margin of 26.70%.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.