Press coverage about MagneGas (NASDAQ:MNGA) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MagneGas earned a news impact score of 0.12 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 44.9684639769072 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Wired News – MagneGas Completes Acquisition of NG Enterprises (finance.yahoo.com)
- Today’s Hot Stock Under Review: MagneGas Corporation (NASDAQ: MNGA) – Alpha Beta Stock (alphabetastock.com)
- MagneGas Completes Acquisition of San Diego Industrial Gas and Welding Supply Business – Markets Insider (markets.businessinsider.com)
- MagneGas (MNGA) Reports Q4 Industrial Gas Sales of $1M – StreetInsider.com (streetinsider.com)
- MagneGas : Completes Acquisition of San Diego Industrial Gas and Welding Supply Business (4-traders.com)
Shares of MagneGas (NASDAQ:MNGA) traded down $0.11 during midday trading on Thursday, hitting $2.72. 1,117,000 shares of the stock were exchanged, compared to its average volume of 426,188. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $32.14, a PE ratio of -0.08 and a beta of -0.41. MagneGas has a 1 year low of $2.40 and a 1 year high of $84.00.
In related news, Director Kevin Pollack bought 108,334 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $0.29 per share, for a total transaction of $31,416.86. Following the completion of the transaction, the director now owns 131,813 shares in the company, valued at $38,225.77. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 170,843 shares of company stock valued at $55,888. 10.00% of the stock is owned by company insiders.
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.
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