MagneGas (NASDAQ:MNGA) Receiving Somewhat Favorable Press Coverage, Study Shows

Headlines about MagneGas (NASDAQ:MNGA) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog 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 news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.2710872063586 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of MagneGas (NASDAQ MNGA) traded up $0.02 during mid-day trading on Wednesday, reaching $0.35. The company’s stock had a trading volume of 2,234,100 shares, compared to its average volume of 1,093,520. The company has a market capitalization of $56.60, a P/E ratio of -0.16 and a beta of -0.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.26 and a current ratio of 0.70. MagneGas has a 1-year low of $0.29 and a 1-year high of $5.70.

MagneGas (NASDAQ:MNGA) last announced its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.39) EPS for the quarter. MagneGas had a negative net margin of 371.23% and a negative return on equity of 277.02%. The firm had revenue of $0.88 million during the quarter. research analysts predict that MagneGas will post -0.94 EPS for the current year.

In related news, Director Carla Santilli sold 108,334 shares of MagneGas stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $0.31, for a total transaction of $33,583.54. Following the transaction, the director now owns 375,199 shares of the company’s stock, valued at $116,311.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 180,843 shares of company stock valued at $60,288 in the last three months. Insiders own 4.45% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for MagneGas (NASDAQ:MNGA)

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