Magnegas Applied Tchnlgy Sltns Inc (NASDAQ:MNGA)’s share price traded down 17.4% during mid-day trading on Friday . The stock traded as low as $0.14 and last traded at $0.19. 69,366,602 shares traded hands during mid-day trading, an increase of 473% from the average session volume of 12,098,300 shares. The stock had previously closed at $0.23.
Separately, HC Wainwright reiterated a “buy” rating and issued a $1.50 price target on shares of Magnegas Applied Tchnlgy Sltns in a research note on Thursday, November 15th.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.40 and a current ratio of 1.97.
Magnegas Applied Tchnlgy Sltns Company Profile (NASDAQ:MNGA)
MagneGas Applied Technology Solutions, Inc, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. The company offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene.
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