Base Carbon (OTCMKTS:BCBNF) Posts Quarterly Earnings Results, Hits Expectations

Base Carbon (OTCMKTS:BCBNFGet Free Report) announced its earnings results on Friday. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02), Zacks reports.

Base Carbon Trading Down 0.5%

Shares of Base Carbon stock traded down $0.00 during trading hours on Friday, hitting $0.43. 40,501 shares of the company’s stock traded hands, compared to its average volume of 54,624. Base Carbon has a 12-month low of $0.35 and a 12-month high of $0.84. The company has a fifty day simple moving average of $0.44 and a 200-day simple moving average of $0.57.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Base Carbon to a “hold” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Base Carbon has a consensus rating of “Hold”.

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About Base Carbon

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Base Carbon Inc, together with its subsidiaries, engages in the provision of capital, development expertise, and management operating resources to projects involved primarily in voluntary carbon markets and the broader environmental markets. It engages with corporations, sovereign entities, academic institutions, and carbon reduction project developers to produce and commercialize verified carbon credits. The company was formerly known as 1287411 B.C. Ltd. and changed its name to Base Carbon Inc in February 2022.

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