Oando Energy Hits Year Highs As Reports Stronger Earnings
Oando Energy Resources Inc. (OER.TO) reported that total comprehensive income increased by 43% to $12.6 million for the nine months ended September 30, 2012 from $8.8 million for the same period last year. Earnings growth per share to $0.12 for the nine months ended September 30, 2012 from $0.07 per share for the same period last year.
Gross revenue from operating activities of $104.8 million for the nine months ended September 30,2012. This represented a 2% decrease from the same period last year.
OER has hit year high $1.89 today. It is now trading at $1.72 per share on volumes of over 76,000.
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