News to Watch: ClearSign Technologies Corporation (NASDAQ:CLIR)

ClearSign Technologies Corporation (NASDAQ:CLIR) spotted trading -42.98% off 52-week high price. On the other end, the stock has been noted 20.37% away from the low price over the last 52-weeks. The stock changed 8.99% to recent value of $0.85. The stock transacted 71706 shares during most recent day however it has an average volume of 66.59K shares. The company has 27.48M of outstanding shares and 13.61M shares were floated in the market.

On Feb. 20, 2020, ClearSign Technologies Corporation (NASDAQ:CLIR) an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, revealed changes to its Board of Directors.

On February 13, 2020, as he intended when he first agreed to serve on the Board, James M. Simmons resigned as a director of the Company to re-focus his resources on his other obligations.  Mr. Simmons’ resignation was not due to a disagreement on any matter relating to the Company’s operations, policies or practices.  On the same date, the Company’s Board of Directors appointed Colin James Deller, the Company’s Chief Executive Officer, as a director.

On behalf of ClearSign and the Board I want to thank Jim for stepping up to the task and joining the Board for the past year.  His frank guidance, drawn from decades of experience, has been well received and aided us through a time of important upgrades  relating to Board composition and management talent as well as commercialization strategy,  said Robert T. Hoffman, Chairman of the Board of ClearSign.

I had two goals when I joined ClearSign’s board.  First, I wanted to make sure we had the right leadership in place and second, that there was a cohesive commercialization strategy to market the Company’s game changing technologies, said Jim Simmons, retiring Board Member of ClearSign.  I believe that with Jim Deller’s industry experience, the Company has accomplished both goals with Jim’s appointment as CEO.  It only makes sense that Jim takes a place on the Board.  I am confident that the Company is in a better position from when I joined and I look forward to seeing the continued progress. Its earnings per share (EPS) expected to touch remained 33.80% for this year.

According to the most recent quarter its current ratio was 7.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -10.62% from the mean of 20 days, -4.41% from mean of 50 days SMA and performed -18.62% from mean of 200 days price. Company’s performance for the week was -9.23%, -15.38% for month and YTD performance remained 12.08%.

Leave a Reply

Your email address will not be published. Required fields are marked *