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New Stratus Energy: Promising Start Despite Losses

New Stratus Energy (TSE:NSE) has released an update.

New Stratus Energy Inc. reported its first quarter financial results, with a $26.6 million working capital and a net loss of $4.6 million. The company’s operations at Goldpillar generated over $1.4 million in revenue and $1.3 million in EBITDA, indicating a promising start and an expected increase in performance in the following quarters.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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