Revenue Update on Pure Cycle Corporation(NASDAQ:PCYO)

Pure Cycle Corporation(NASDAQ:PCYO) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 6, 2016. Earnings per share were $-0.02.

Pure Cycle Corporation (PCYO) shares turned negative on Mondays trading session with the shares closing down -0.07 points or -1.53% at a volume of 8,651. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.66. The peak price level was also seen at $4.66 while the days lowest was $4.52. Finally the shares closed at $4.52. The 52-week high of the shares is $5.73 while the 52-week low is $3.65. According to the latest information available, the market cap of the company is $107 M.

Pure Cycle Corporation is an investor-owned company that provides wholesale water and wastewater services and owns 14900 acres of farmland. The Company’s services include water production storage treatment bulk transmission to retail distribution systems wastewater collection and treatment irrigation water treatment and transmission construction management billing and collection and emergency response. The Company provides these services to wholesale customers industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the greater Denver Colorado metropolitan area. The Company’s farm land consists of approximately 14900 acres of irrigated land and owns 931 acres of land in the I-70 corridor east of Denver Colorado.

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