News articles about MagneGas (NASDAQ:MNGA) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MagneGas earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 44.8095707244485 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Head-To-Head Survey: MagneGas (MNGA) vs. The Competition (americanbankingnews.com)
- MagneGas Provides Business Update for Fiscal 2017; Metal Cutting Fuel and Welding Supply Revenues Increased 36% (marketwired.com)
- MagneGas (MNGA) Reports FY17 Revenue of $3.7M (streetinsider.com)
- MagneGas to Present at The MicroCap Conference on April 9th in New York City (digitaljournal.com)
- Critical Review: H2O Innovation (HEOFF) and MagneGas (MNGA) (americanbankingnews.com)
Separately, HC Wainwright set a $6.00 price target on MagneGas and gave the company a “buy” rating in a research note on Thursday, March 1st.
In other news, Director Carla Santilli sold 108,334 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $0.31, for a total transaction of $33,583.54. Following the completion of the transaction, the director now directly owns 375,199 shares in the company, valued at $116,311.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.45% of the stock is owned by company insiders.
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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