Revenue Update on Synthesis Energy Systems(NASDAQ:SYMX)

Synthesis Energy Systems(NASDAQ:SYMX) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 27, 2016. Earnings per share were $-0.13.

Synthesis Energy Systems (SYMX) made into the market gainers list on Fridays trading session with the shares advancing 0.83% or 0.01 points. Due to strong positive momentum, the stock ended at $1.21, which is also near the day’s high of $1.23. The stock began the session at $1.15 and the volume stood at 1,85,108 shares. The 52-week high of the shares is $1.45 and the 52 week low is $0.4849. The company has a current market capitalization of $105 M and it has 8,69,83,996 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2015, Lorenzo Cesar Lamadrid (director) purchased 5,000 shares at $0.78 per share price.Also, On Feb 19, 2015, Robert Wayne Rigdon (CEO) purchased 12,000 shares at $0.77 per share price.

Synthesis Energy Systems Inc. is a global energy and gasification technology company that provides gasification technology systems and solutions to the energy and chemical industries. The Company’s gasification technology is applicable for the production of synthesis gas (syngas) a mixture of primarily hydrogen carbon monoxide and methane. The Company operates through segments including SES China Technology Licensing and Related Services and Corporate. The SES China segment includes all of the assets and operations and related administrative costs for China including initial closing costs relating to the Company’s joint ventures. The Technology Licensing and Related Services segment includes all of the Company’s operating activities outside of China. The Corporate segment includes the executive and administrative expenses of the corporate office in Houston. The Company’s projects include Zao Zhuang Joint Venture Yima Joint Ventures and Tianwo-SES Joint Venture.

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