MagneGas Co. (NASDAQ:MNGA)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $0.28, but opened at $0.29. MagneGas shares last traded at $0.28, with a volume of 122467 shares.
Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of MagneGas in a research note 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.
About MagneGas (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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