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UPDATE: Renegade Petroleum Up Slightly As Quarterly Loss Improves

Renegade Petroleum Ltd. (RPL.V) edged up by about 1% to $3.23 after announcing today its financial results for the 3 months ended December 31, 2011.

The company said during the quarter, net loss was $103,000, an improvement from last year's $2 million loss. Funds flow from operations were $16.2 million, up sharply from the previous year's $3.7 million. Petroleum and natural gas sales were $30.3 million, up from $10.5 million in the previous year.

More than 380,000 RPL shares have changed hands.

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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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