Discovery Energy Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 31, 2016
Discovery Energy Corp. announced unaudited consolidated earnings results for the second quarter and six months ended August 31, 2016. For the quarter, the company reported net loss of $2,920,836 compared to $94,725 a year ago. Net loss per common share - basic and diluted was $0.02 against $0.00 a year ago.
For the six months, the company reported net loss of $7,526,583 compared to $186,844 a year ago. Net loss per common share - basic and diluted was $0.05 against $0.00 a year ago. Net cash used in operating activities was $2,975,948 compared to $232,118 a year ago.