MagneGas Co. (NASDAQ:MNGA) Director Carla Santilli sold 40,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $0.31, for a total transaction of $12,400.00. Following the completion of the sale, the director now owns 375,199 shares in the company, valued at approximately $116,311.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Carla Santilli also recently made the following trade(s):
- On Friday, January 12th, Carla Santilli sold 108,334 shares of MagneGas stock. The stock was sold at an average price of $0.31, for a total transaction of $33,583.54.
- On Thursday, October 26th, Carla Santilli sold 10,000 shares of MagneGas stock. The stock was sold at an average price of $0.44, for a total transaction of $4,400.00.
- On Monday, October 30th, Carla Santilli sold 22,509 shares of MagneGas stock. The stock was sold at an average price of $0.44, for a total transaction of $9,903.96.
MagneGas Co. (MNGA) traded up $0.02 on Friday, hitting $0.33. 2,684,315 shares of the company were exchanged, compared to its average volume of 1,298,764. MagneGas Co. has a 12 month low of $0.29 and a 12 month high of $5.70. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.08. The firm has a market cap of $7.59, a price-to-earnings ratio of -0.15 and a beta of -0.41.
An institutional investor recently raised its position in MagneGas stock. Virtu KCG Holdings LLC boosted its position in MagneGas Co. (NASDAQ:MNGA) by 709.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 110,468 shares of the oil and gas company’s stock after purchasing an additional 96,829 shares during the period. Virtu KCG Holdings LLC owned about 1.85% of MagneGas worth $136,000 as of its most recent SEC filing. 3.81% of the stock is currently owned by institutional investors and hedge funds.
MagneGas Company Profile
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.
Receive News & Ratings for MagneGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagneGas and related companies with MarketBeat.com's FREE daily email newsletter.