|Bid||2.4200 x 1100|
|Ask||2.4300 x 1400|
|Day's Range||2.2400 - 4.3600|
|52 Week Range||0.3700 - 4.3600|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 11, 2020 - Nov 16, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Tengasco Inc. (NYSE American: TGC) ("Tengasco") and Riley Exploration – Permian, LLC ("Riley") announced today that they have entered into a definitive merger agreement in an all-stock transaction. Under the terms of the merger agreement, Tengasco will issue approximately 203 million shares of Tengasco common stock to Riley members at the closing of the transaction. Following the closing of the transaction, the current members of Riley will own 95% of Tengasco and the current Tengasco stockholders will own the remaining 5%. In addition, Riley will become a wholly owned subsidiary of Tengasco.
Tengasco, Inc. (NYSE American: TGC) announced today its financial results for the quarter ended June 30, 2020. The Company reported a net loss of $554,000 or $0.05 per share of common stock during the second quarter of 2020 compared to a net income from continuing operations of $9,000 or $0.00 per share of common stock during the second quarter of 2019. The $563,000 decrease in net income was primarily due to an $827,000 decrease in revenues, partially offset by a $223,000 decrease in production costs and taxes, and a $41,000 decrease in depreciation, depletion, and amortization costs.
Tengasco, Inc. (NYSE American: TGC) announced today its financial results for the quarter ended March 31, 2020. The Company reported a net loss of $(527,000) or $(0.05) per share of common stock during the first quarter of 2020 compared to a net loss of $(96,000) or $(0.01) per share of common stock during the first quarter of 2019. The $431,000 decrease in net income was primarily due to a $208,000 decrease in revenues, a $185,000 increase in production cost and taxes, and a $43,000 decrease in gain on sale of assets.