Laredo Oil, Inc. (LRDC)
Laredo Oil, Inc. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Austin, TX, US. The stock last traded at $0.73, down 8.75% on the session, giving a market capitalisation of $57.6M. On trailing twelve-month figures it carries a trailing P/E of -7.96, a net margin of -221716.7%. Its beta of 0.18 implies it has historically moved less than the broad market.
Laredo Oil, Inc. functions as a petroleum exploration and production company, concentrating on acquiring and developing seasoned oil fields. The firm employs sophisticated methods to retrieve oil that was previously considered inaccessible from these sites. Originally known as Laredo Mining, Inc., the company adopted its current name, Laredo Oil, Inc., in October 2009. Established in 2008, its principal operations are based in Austin, Texas.
Laredo Oil, Inc. is most often compared with the following Energy names: