MagneGas Co. (NASDAQ:MNGA) gapped down before the market opened on Thursday . The stock had previously closed at $0.49, but opened at $0.37. MagneGas shares last traded at $0.27, with a volume of 58150523 shares.
Separately, HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of MagneGas in a research report on Wednesday, August 15th.
The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 1.36.
MagneGas Company Profile (NASDAQ:MNGA)
MagneGas Corporation, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. It offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene. The company also provides Plasma Arc Flow refineries, which are machines that produce MagneGas2.
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