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Pristine Solutions Inc. (PRTN) Trading Marginally Down in Today’s Mid-day Session

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Pristine Solutions Inc. (OTC: PRTN) stock is currently trading at $0.395, down 0.25 percent from its previous close of $0.40. The stock opened the session at $0.41 and touched its highest price point at $0.42. PRTN stock’s lowest price point for the session stood at $0.39. Its latest trading volume has been recorded at 1.822 million shares, in contrast to the average daily trading volume of 20.10 million shares. The company’s market capitalization stands at $167.62 million. PRTN stock is currently trading above its short term 20-days moving average price and  its long term 50-days moving average price of $0.4.

PRTN has received Positive outlook rating by 2nd Opinion Stock Research. The equity research company initiated the coverage of PRTN on September 11, 2012. The stock has been given the price target of $0.30.

PRTN ended its previous quarter with an operating loss of $10,000. The company did not earn any revenue during this period. As on April 30, 2012, it had cash and cash equivalents worth $4,000. The company’s current assets on that date stood at $11,000. The company reported its current debt at $38,000 while its accounts payable stood at $16,000. PRTN ended its quarter with -$38,000 in total shareholder equity.

PRTN acquired Eaton Scientific Systems Ltd. Eaton is a major player in women’s health and drug segment. The company expects to augment its presence in the market with the help of this acquisition. Michael Borkowski, president and CEO of Eaton said, “We look forward to building market awareness and acceptance of Tropine 3 throughout the women’s health care sector in hopes of improving the lives of the over 50 million women in America.” Eaton recently developed a new indication for Homatropine.

PRTN is involved in the business of developing sales network for tankless water heaters. The company also holds license to female health products through its wholly owned subsidiary Eaton Scientific Systems. The company markets its products to corporate clients, retail clients, builders, governments and contractors. PRTN is a development stage company and it was formed in 2009. The company is based out of Trelawny in Jamaica.

Posted by on Thursday, September 13th, 2012. Filed under Internet, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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