Energy Mad shares rise after Mardon leaves board, profit target delayed

Wed, 30 Mar 2016

By Sophie Boot March 31 (BusinessDesk) - Energy Mad shares rose after the company pushed out the timing to achieve positive earnings by a year and said co-founder Chris Mardon left the company's board to focus on growing its Australian business. The shares climbed 1.7 cents, or 51 percent, to 5 cents in the first half-hour of trading. The stock has tumbled since listing in 2011 after being sold in an initial public offering at $1 apiece. The unprofitable lightbulb maker will not deliver positive earnings before interest, tax, deprecia...

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