Last C$0.70 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:16 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

matrrix energy technologies (MXX) Snapshot

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Day High
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52 Week High
07/16/14 - C$0.99
52 Week Low
12/19/13 - C$0.55
Market Cap
22.5M
Average Volume 10 Days
1.3K
EPS TTM
C$-0.01
Shares Outstanding
32.2M
EX-Date
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P/E TM
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Dividend
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Current Stock Chart for MATRRIX ENERGY TECHNOLOGIES (MXX)

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matrrix energy technologies (MXX) Details

MATRRIX Energy Technologies Inc. is engaged in the acquisition and supply of horizontal and directional drilling technologies for the oil and gas industries in North America. The company’s services include directional drilling, performance drilling, and well planning. It is also involved in the sale, service, and rental of measurement while drilling and logging while drilling equipment to the directional drilling industry. The company is headquartered in Calgary, Canada.

39 Employees
Last Reported Date: 03/24/14

matrrix energy technologies (MXX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Vice President of Operations
Total Annual Compensation: C$250.0K
Consultant
Total Annual Compensation: C$53.8K
Vice President of Sales
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2013.

matrrix energy technologies (MXX) Key Developments

MATRRIX Energy Technologies Inc. Appoints Jason James as Vice President of Finance and Chief Financial Officer

MATRRIX Energy Technologies Inc. and its board of directors announced the appointment of Jason James as the corporation's new vice president of finance and chief financial officer, effective immediately. Mr. James is a chartered accountant with 17 years of corporate finance, accounting and business development experience in the oil and gas industry. Most recently Mr. James was the controller of several private oil and gas companies. Mr. James is also a director of a public international oil and gas E&P and midstream company. As CFO, Mr. James will be responsible for finance, accounting, and investor relations, with a focus on strategy and business development.

MatRRix Energy Technologies Inc. Appoints Charlie Lloyd to the Executive Position of Vice President - Sales

MatRRix Energy Technologies Inc. announced the appointment of Charlie Lloyd to the executive position of Vice President - Sales.

Matrrix Energy Technologies Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

MatRRix Energy Technologies Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $4,733,657 compared to $3,415,087 a year ago due to continued growth in both MATRRIX Canadian and US operations through new clients and additional work with existing clients. EBITDA was $77,725 or $0.00 per basic and diluted share compared to LBITDA of $1,247,237 or $0.04 per basic and diluted share a year ago. Net loss was $612,558 or $0.02 per basic and diluted share compared to $1,789,873 or $0.06 per basic and diluted share a year ago. The Corporation's net loss was positively impacted as MATRRIX continued its US strategic focus in the Permian basin by maintaining its revenue base and reduced US headcount. Adjusted EBITDA was $35,323 or $0.00 per basic and diluted share compared to adjusted LBITDA of $1,133,857 or $0.04 per basic and diluted share a year ago. Capital expenditures of $379,585 (net of lost in hole replacements) primarily focused on motor related equipment, up from $53,462. For the six months, the company reported revenue of $15,588,532 compared to $9,552,657 a year ago. EBITDA was $1,320,386 $0.04 per basic and diluted share compared to LBITDA of $442,098 $0.01 per basic and diluted share a year ago, primarily resulting from USA startup costs. Net loss was $38,900 or $0.00 per basic and diluted share compared to $1,466,241 or $0.05 per basic and diluted share a year ago. Loss before income taxes and interest & other income was $1,751,691 compared to $504,048 a year ago. Adjusted EBITDA was $1,472,279 or $0.05 per basic and diluted share compared to adjusted LBITDA of $442,097 or $0.01 per basic and diluted share a year ago. capital expenditures of $1,414,440 (net of lost in hole replacements) primarily focused on motor related equipment, down from $1,559,309 Canada Due to increased activity and with the intent of reducing third party rental charges, the company has increased its 2014 Capital Expenditure Program from the previously reported $1,485,445 to $6,518,045 (net of lost in hole replacements) for the purchase of up to four additional EMWD systems, drilling motors and related supporting equipment.

 

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