MagneGas Co. (MNGA) Director Carla Santilli Sells 108,334 Shares
MagneGas Co. (NASDAQ:MNGA) Director Carla Santilli sold 108,334 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $0.31, for a total transaction of $33,583.54. Following the sale, the director now directly owns 375,199 shares of the company’s stock, valued at approximately $116,311.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Carla Santilli also recently made the following trade(s):
- On Wednesday, January 10th, Carla Santilli sold 40,000 shares of MagneGas stock. The shares were sold at an average price of $0.31, for a total transaction of $12,400.00.
- On Thursday, October 26th, Carla Santilli sold 10,000 shares of MagneGas stock. The shares were 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 shares were sold at an average price of $0.44, for a total transaction of $9,903.96.
Shares of MagneGas Co. (NASDAQ MNGA) traded up $0.02 during mid-day trading on Friday, hitting $0.33. 2,678,650 shares of the stock were exchanged, compared to its average volume of 967,100. MagneGas Co. has a 12-month low of $0.29 and a 12-month high of $5.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.26 and a current ratio of 0.70. The company has a market cap of $4.06, a P/E ratio of -0.15 and a beta of -0.41.
MagneGas (NASDAQ:MNGA) last issued its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter. MagneGas had a negative net margin of 371.23% and a negative return on equity of 277.02%. The business had revenue of $0.88 million for the quarter. sell-side analysts expect that MagneGas Co. will post -0.94 earnings per share for the current fiscal year.
An institutional investor recently raised its position in MagneGas stock. Virtu KCG Holdings LLC grew its holdings in shares of MagneGas Co. (NASDAQ:MNGA) by 709.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,468 shares of the oil and gas company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.81% of the company’s stock.
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.