New Oriental Energy & Chemical Corp. (NASDAQ:NOEC)
About New Oriental Energy & Chemical Corp. New Oriental Energy & Chemical Corp. (NOEC) through its wholly owned subsidiary, Henan Jinding Chemical Co., Ltd. (Jinding) is engaged in the manufacturing and distribution of fertilizer and chemical products. The products are distributed to markets in the People’s Republic of China. The primary businessof the Company is the manufacturing and selling of urea, a chemical used as fertilizer for crops and in certain manufacturing processes, including the manufacturing of resin, plastic and medicine. NOECis also engaged in the production and selling of methanol. The other products manufactured by the Company include Ammonium Hydrogen Carbonate, which can be used as a fertilizer for crops, and in the pharmaceutical and food industries.
Statistics Symbol
NOEC
Beta
1.60
Current Price
$1.07
Market Capitalization:
18.21M
52 week range
$0.73 - $1.90
Shares Outstanding
17.01M
Avg Volume
45,784.00
Float:
8.37M
Financials New Oriental Energy & Chemical Corp. (NASDAQ:NOEC) generated total revenue of $1.19 million in existing quarter as on September 30th, 2010 which is considerably lower than last quarter ending revenue $13.73 million. Operating and total income have gone down and that resulted in negative EPS for current quarter. The company’s cash flow from operation stood at negative $5.70 million that explains poor indication as company could face some problems to repay its debt. Total current assets and current liabilities stood at $26.11 million and $70.33 respectively in present quarter which is not a good sing as there would less net income and more interest payment in future. Company shows lowest level of liquidity ratios which means company is not in secure position to face any financial distress in future.
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