Ventum Cap Mkts upgraded shares of CBM Asia Development (CVE:TCF – Free Report) to a strong-buy rating in a research report released on Wednesday morning, Zacks.com reports.
CBM Asia Development Price Performance
CBM Asia Development has a 1 year low of C$14.58 and a 1 year high of C$25.70.
CBM Asia Development (CVE:TCF – Get Free Report) last posted its earnings results on Wednesday, May 29th. The company reported C$0.01 EPS for the quarter, topping the consensus estimate of C($0.01) by C$0.02. The firm had revenue of C$1.78 million during the quarter.
CBM Asia Development Company Profile
CBM Asia Development Corp. (CBMA) is a Canada-based unconventional gas company with coalbed methane (CBM) exploration and development opportunities in Indonesia. The Company holds various participating interests in five production sharing contracts (PSC) for CBM in Indonesia. The Company has operations in south Sumatra, which includes sekayu PSC; central Sumatra, which includes Hulu PSC and east Kalimantan, which includes Kutai-west PSC and Bentian besar PSC.
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