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If you are currently looking into stocks that have managed to deliver considerable gains over the course of the past month then it would be difficult to look past the PetroTal Corp (OTCQX:PTALF) (TAL.T) stock. In the past month, the stock has seen significant action and clocked gains of as much as 39% as a consequence.
Hence, it could be a good time to take a closer look at it. Earlier this month on April 6 the company had come into focus after it made an announcement with regards to the annual grant of performance share units to officers and employees. The annual grant had been made in line with the performance and restricted share unit plan. The company announced that it had granted a total of 5,884,250 performance share units and out of those as many as 3,523,786 had been made to officers at PetroTal.
Back on March 30, the company announced its financial results for the quarter and the fiscal year, both of which ended on December 31, 2022. The company managed to bring in net operating income to the tune of $274 million for the year and the adjusted EBITDA, which included realized derivative impacts, stood at $256 million. The free funds flow for the year stood at $161.9 million before adjustments. At the end of the period, PetroTal had total cash of $120 million and a net surplus of as much as $74 million on its balance sheet.