PINN Pinnacle Gas Resources, Inc. featured news, full reports, and detailed charts
Pinnacle Gas Resources, Inc. (PINN) Wrap Up:
Pinnacle Gas Resources, Inc. is an independent energy company engaged in the acquisition, exploration and development of domestic onshore natural gas reserves. We currently focus our efforts on the development of coalbed methane, or CBM, properties located in the Rocky Mountain region, and we are a substantial holder of CBM acreage in the Powder River Basin. We have assembled a large, predominantly undeveloped CBM leasehold position, which we believe positions us for significant long-term growth in production and proved reserves. In addition, we own over 94% of the rights to develop conventional and unconventional oil and natural gas in zones below our existing CBM reserves. Substantially all of our undeveloped acreage as of December 31, 2007 was located in the northern end of the Powder River Basin in northeastern Wyoming and southern Montana. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f19%2f0000950134-08-005025.html#FIS_BUSINESS"Pinnacle Gas Resources, Inc. (PINN*(D):NASDAQ)
Snapshot of Pinnacle Gas Resources, Inc. (PINN)
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OPEN
$0.32
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PREVIOUS CLOSE
$0.34
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DAY HIGH
$0.34
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DAY LOW
$0.31
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52 WEEK HIGH
11/20/08 - $0.71
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52 WEEK LOW
03/6/09 - $0.10
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MARKET CAP
10.1M
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AVERAGE VOLUME 3 mo
93.3K
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DILUTED EPS TTM
$-1.35
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SHARES OUTSTANDING
29.7M
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PINN Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
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PINN Top Compensated Officers
Executives, Board Directors
Key developments for Pinnacle Gas Resources, Inc. (PINN)
On 11/16/2009, Pinnacle Gas Resources, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Pinnacle Gas Resources, Inc. announced that, on September 15, 2009, it received notification from the NASDAQ Stock Market that the Company is not in compliance with the minimum bid price requirement pursuant to Listing Rule 5450(a)(1) because its stock price has been less than $1.00 per share for the previous 30 consecutive business days. The Company has a 180 day grace period to regain compliance; however if the Company fails to meet the minimum bid price requirements within this period, its securities will be subject to delisting. Mr. Ron Barnes, Chief Financial Officer, commented, "While we are disappointed to receive this notice, it in no way impacts our current financial position or daily operations. We are working diligently with our Board of Directors to prepare a plan for regaining compliance with the listing requirements."
On August 26, 2009, Pinnacle Gas Resources Inc. and the lenders entered into the fifth amendment to the credit facility which waived compliance with the current ratio financial covenant for the period ending October 26, 2009 and the quarter ending June 30, 2009, and with the restrictive covenants related to accounts payable, permitted liens and permitted debt, subject to certain caps.
PINN Competitors
| Company | Last | Change |
| Credo Petroleum Corp | $9.98 USD | +0.18 |
| Evolution Petroleum Corp | $3.98 USD | +0.04 |
| FX Energy Inc | $2.53 USD | +0.02 |
| Houston American Energy Corp | $4.60 USD | +0.15 |
| Tri Valley Corp | $2.21 USD | -0.07 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PINN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.7x |
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| Price/Book | 0.1x |
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| Price/Cash Flow | 1.3x |
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| TEV/Sales | 0.1x |
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PINN |
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PINN transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||