Media coverage about MagneGas Corporation (NASDAQ:MNGA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MagneGas Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.0931779639839 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, ValuEngine raised shares of MagneGas Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 12th.

Shares of MagneGas Corporation (MNGA) opened at $0.41 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.70 and a quick ratio of 0.26. MagneGas Corporation has a one year low of $0.40 and a one year high of $5.70.

MagneGas Corporation (NASDAQ:MNGA) last announced its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter. MagneGas Corporation 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 for the quarter.

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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.

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