Future Fuels Shares Plunge on Widening Quarterly Loss

Investors in Canadian exploration company Future Fuels were met with a stark financial update this week. The firm’s latest quarterly results, released on December 18, revealed a dramatic widening of its net loss, sending its share price downward as the market digested the accelerating cash burn.

The core of the disappointing report was a net loss of CAD 2.15 million for the recently concluded quarter. This figure represents a more than tenfold increase from the comparable period last year, when the company posted a loss of CAD 0.185 million. On a half-year basis, the total deficit now stands at CAD 3.15 million. The loss per share consequently deteriorated to CAD 0.03, underscoring Read more...