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Coelacanth Energy Full Year 2023 Earnings: CA$0.01 loss per share (vs CA$0.031 loss in FY 2022)

Coelacanth Energy (CVE:CEI) Full Year 2023 Results

Key Financial Results

  • Net loss: CA$6.57m (loss narrowed by 41% from FY 2022).

  • CA$0.01 loss per share (improved from CA$0.031 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coelacanth Energy Earnings Insights

Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 6.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Coelacanth Energy (of which 2 don't sit too well with us!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.