Char Technologies released their Q2 at the beginning of the month. Over the next week the stock declined by 13%, but has gained all of that back and then some, gaining 25% from their recent low on June 10th.
This will be my initial look at the company via request from the Wolf Den discord. YES is a cleantech development and energy transition company, developing biocarbon and renewable energy solutions.
This $44M market cap company has been at it a while, trading on the Venture since 2014, and well off of their five year high of $1.03 back in November of 2021, 71% lower.
An initial look at their financials tells me the due diligence story had better be good as the company has lost $1.82 for every $1 in revenue they have earned this year and are trading at nearly 16x their TTM revenue.
Let’s don my Simon Cowell hat and determine whether Char Technologies will be a yes, or a no from me.
(Free release scheduled for July 1)