Kolibri Global Energy (NASDAQ:KGEI) Posts Quarterly Earnings Results

Kolibri Global Energy (NASDAQ:KGEI) posted its quarterly earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, reports. The firm had revenue of $13.44 million during the quarter.

Kolibri Global Energy Price Performance

Shares of Kolibri Global Energy stock traded up $0.21 during mid-day trading on Friday, hitting $3.37. The stock had a trading volume of 7,539 shares, compared to its average volume of 87,258. The firm’s 50-day simple moving average is $3.31. Kolibri Global Energy has a 12-month low of $2.84 and a 12-month high of $5.02.

Institutional Trading of Kolibri Global Energy

Several hedge funds have recently made changes to their positions in KGEI. TFG Asset Management GP Ltd purchased a new position in shares of Kolibri Global Energy during the 4th quarter worth approximately $26,926,000. Russell Investments Group Ltd. purchased a new position in shares of Kolibri Global Energy during the 4th quarter worth approximately $316,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Kolibri Global Energy during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.