Business
Clean TeQ (ASX:CLQ) share price nosedives 8% on $10 million loss
The Clean TeQ Holdings Limited (ASX: CLQ) share price dropped today off the back of the company’s half year (1H21) results for the period ended 31 December 2020.
The Clean TeQ share price finished today’s trading session 8.20% lower at 28 cents a share.
Here’s what we learned from the company’s 1H21 results.
Clean TeQ posts multi-million dollar loss
Clean TeQ reported a loss of $10.1 million for 1H21. This compares to the $10.3 million loss of 1HY20.
Revenue from continuing operations increased to $1.6 million versus the 31 December 2019 revenue of $666,000.
The 1HY21 loss per share was $1.33, a slight improvement compared to the 1HY20 loss per share of $1.35.
Net assets jumped during the period from $42 million as of 30…
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