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Last $0.45 USD
Change Today -0.089 / -16.51%
Volume 500.0
LRDC On Other Exchanges
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

laredo oil inc (LRDC) Snapshot

Previous Close
Day High
Day Low
52 Week High
09/3/14 - $0.85
52 Week Low
01/26/15 - $0.21
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for LAREDO OIL INC (LRDC)

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laredo oil inc (LRDC) Details

Laredo Oil, Inc., a management services company, manages the acquisition and operation of mature oil fields, and recovery of stranded oil from those fields using enhanced oil recovery method. The company was formerly known as Laredo Mining, Inc. and changed its name to Laredo Oil, Inc. in October 2009. Laredo Oil, Inc. was founded in 2008 and is headquartered in Austin, Texas.

26 Employees
Last Reported Date: 08/29/14
Founded in 2008

laredo oil inc (LRDC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $476.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $388.5K
General Counsel and Secretary
Total Annual Compensation: $193.8K
Compensation as of Fiscal Year 2014.

laredo oil inc (LRDC) Key Developments

Laredo Oil, Inc. Auditor Raises 'Going Concern' Doubt

Laredo Oil, Inc. filed its 10-K on Aug 29, 2014 for the period ending May 31, 2014. In this report its auditor, Weaver & Tidwell LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Laredo Oil, Inc. Removes Clayton Van Levy from Board of Directors

Director Clayton Van Levy has completed his three year commitment to serve on Laredo Oil, Inc.'s Board of Directors and was removed from the board effective as of March 1, 2014. In connection therewith, the company reduced the number of outside directors from three to two directors.

Laredo Oil, Inc. Reports Earnings Results for the Year Ended May 31, 2013

Laredo Oil, Inc. reported earnings results for the year ended May 31, 2013. For the year, the company reported a net loss of $687,747, or $0.01 loss per share compared to a net loss of $4.31 million, or $0.08 loss per share, for the year ended May 31, 2012. Management fee revenue was $2.2 million, compared to $1.58 million, for the year ended May 31, 2012. Operating loss for the year ended May 31, 2013 was $599,223, compared to an operating loss of $5.03 million, for the year ended May 31, 2012.


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