Profire Energy traded at $1.84 this Tuesday April 9th, decreasing $0.01 or 0.54 percent since the previous trading session. Looking back, over the last four weeks, Profire Energy lost 28.67 percent. Over the last 12 months, its price rose by 48.39 percent. Looking ahead, we forecast Profire Energy to be priced at 1.78 by the end of this quarter and at 1.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Profire Energy, Inc. is an oilfield technology company. The Company's business is primarily focused in the upstream, midstream, and downstream transmission segments of the oil and gas industry. The Company is specialized in the engineering and design of burner and combustion management systems and solutions used on a variety of natural and forced draft applications. It offers burner-management systems, which helps to ignite, monitor, and manage the burner flame. Its technology enables remote operation, reducing the need for employee interaction with the appliance's burner for the purposes, such as re-ignition or temperature monitoring. The Company's systems and solutions are used by exploration and production companies (E&P), midstream operators, pipeline operators, as well as downstream transmission and utility providers. Its burner-management systems are used in Western Canada and in the United States market.