ProBility Media Corp (OTCMKTS:PBYA) is down 20% in a week. The company’s subsidiary North American Crane Bureau Group has commenced a multi-phase contract with Westlake Petrochemical (NYSE: WLK) and Dominion Energy (NYSE: D). Notably, Westlake Petrochemical programs will commence in August and comprise several crane operator training initiatives.
The specialized training seeks to reinforce participants’ knowledge and prepare mobile crane operators for National Centre for Construction Education and Research (NCCER) certification resting as [er OSHA1926.1427 crane operator requirement. Dominion’s contract involves multiple rig programs in the Columbia, South Carolina plant.
Recently, ProBility completed financial disclosures with the publication of FYE 2020 and 2021 as per OTCM Markets and SEC Rule 15c-211. The company underwent restructuring to do away with non-performing business units and surplus corporate overhead. The company has successfully settled or retire around $8.1 million in debt and reduced debt by more than 56%. For FY ended May 31, 2020, the company realized an operating profit of $321,549 relative to a loss of $12.9 million accumulated through April 20128. So PBYA is worth watching.
Market Reaction:
On Wednesday, PBYA stock fell 1.43% at $0.0069 with more than 161.07 million shares, compared to its average volume of 171.94 million shares. The stock has moved within a range of $0.0064 – 0.0084 after opening the trade at $0.0079.
