freedom energy holdings inc
(FDMF:OTC Pink - Current Information)
freedom energy holdings inc (FDMF) Snapshot
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Open
$0.0020
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Previous Close
$0.0050
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Day High
$0.0020
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Day Low
$0.0020
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52 Week High
05/22/12 - $0.69
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52 Week Low
01/17/13 - $0.0008
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Market Cap
1.3K
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Average Volume 10 Days
2.7K
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EPS TTM
--
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Shares Outstanding
647.7K
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Related News
freedom energy holdings inc (FDMF) Related Businessweek News
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Freedom Energy Holdings, Inc. specializes in the identification and development of technologies with applications in the energy industry sector. The company offers solutions for the exploitation, moving, and cleaning of heavy oil. It primarily focuses on the commercial development of its heavy oil technology, KC 9000, a proprietary micro-emulsion technology that changes the API gravity of heavy oil by releasing the interfacial surface tension, decreases heavy oil viscosity, liquefies paraffin and controls it with regular treatments, keeps flow lines and tank batteries open and clean, and cleans storage tanks and sludge pits. The company markets KC 9000 through sales and licensing agreements to clients worldwide. Freedom Energy Holdings, Inc. is based in Fort Wayne, Indiana.
Last Reported Date: 03/27/12
freedom energy holdings inc (FDMF) Key Developments
Effective August 10, 2012, Freedom Energy Holdings, Inc. changed its OTCPK stock ticker symbol to FDMF.D from FDMF.
Freedom Energy Holdings, Inc., announced that the company has entered into a joint venture agreement with Central State Shingle Recycling to provide CSSR with FDMF's proprietary asphalt shingle recycling technology SR-139. During the last 12 month period, alone, CSSR has accumulated over 1 million tons of post-consumer shingles - just in its Phoenix, AZ location. The material terms of the Joint Venture agreement calls for FDMF to receive a royalty of $0.25 per gallon of the SR-139 required in the processing of the asphalt shingles. Initial expectations are for the processing of 50 tons of shingles per hour, which requires upwards of 1,000 gallons of SR-139, also per hour. Additionally, CSSR has agreed to invest an estimated $700,000 in equipment required to complete this program. Joint Venture operations will open in the CSSR Phoenix Arizona recycling center and is anticipated to be fully operational in the first quarter of 2012.
Freedom Energy Holdings, Inc. announced earnings results for the second quarter of 2011. As a result of just one project, the company has posted gross revenues of $175,000 and $55,000 net profit for the second quarter of 2011.
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| FDMF:US | $0.00 USD | -0.003 | |
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Industry Analysis
FDMF
Industry Average
| Valuation | FDMF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 149.9x |
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To contact FREEDOM ENERGY HOLDINGS INC, please visit www.freedomenergyinternational.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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