Shandong Xinchao Energy Corporation Limited engages in the exploration, production, and sale of oil and natural gas. It holds interest in oil fields in Crosby County, Texas; and shale oil reservoir assets in Howard county, Maryland and Borden county, Texas. The company was formerly known as Yantai Xinchao Industry Co., Ltd. and changed its name to Shandong Xinchao Energy Corporation Limited in June 2016. The company was founded in 1985 and is headquartered in Beijing, China.
General Outlook
In simple terms, Shandong Xinchao Energy Corporation Limited has 6800.5 M shares that people are buying and selling right now. When we look at how much money they make before expenses, they keep 0.569% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is 0.392%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of 0.259%. This tells us they're good at keeping money after all costs.
Return on Investments
The company's asset efficiency, represented by a robust 0.068% return, is a testament to Shandong Xinchao Energy Corporation Limited's adeptness in optimizing resource deployment. Shandong Xinchao Energy Corporation Limited's utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of 0.130%. Furthermore, the proficiency of Shandong Xinchao Energy Corporation Limited in capital utilization is underscored by a remarkable 0.113% return on capital employed.
Stock Prices
Shandong Xinchao Energy Corporation Limited's stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $2.58, while its low point bottomed out at $2.55. This variance in figures offers investors a lucid insight into the roller-coaster ride that is Shandong Xinchao Energy Corporation Limited's stock market.
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