11:48 AM EST, 11/28/2024 (MT Newswires) -- CVW CleanTech ( CVWFF ) on Thursday said its third-quarter loss narrowed.

The company, which is developing technologies for the recovery of bitumen, solvents, minerals, and water from oil sands, said its loss improved by nearly 50%, to $0.6 million or $0.01 per share, from $1.2 million, or $0.01, last year. CVW said the decrease was mainly due to the reversal of a stock-based compensation expense.

CVW earned interest income of $85,000 during the quarter. It booked no revenue for the prior year period.

The company's shares were last seen up $0.005 to $0.87 on the TSX Venture Exchange.

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