Media coverage about MagneGas Corporation (NASDAQ:MNGA) has trended somewhat positive on Tuesday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MagneGas Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.4870690204777 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern’s scoring:

MagneGas Corporation (NASDAQ:MNGA) traded up 4.2762% on Tuesday, hitting $0.4682. 1,197,121 shares of the stock traded hands. The stock’s market capitalization is $2.79 million. MagneGas Corporation has a 12-month low of $0.40 and a 12-month high of $8.70. The company’s 50 day moving average price is $0.95 and its 200-day moving average price is $2.87.

MagneGas Corporation (NASDAQ:MNGA) last released its earnings results on Monday, May 15th. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter. MagneGas Corporation had a negative net margin of 470.82% and a negative return on equity of 259.45%. The business had revenue of $0.87 million for the quarter. Analysts predict that MagneGas Corporation will post ($1.20) EPS for the current year.

Separately, ValuEngine downgraded shares of MagneGas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

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About MagneGas Corporation

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 Corporation (NASDAQ:MNGA)

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