Carla Santilli Sells 40,000 Shares of MagneGas Co. (MNGA) Stock

MagneGas Co. (NASDAQ:MNGA) Director Carla Santilli sold 40,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $0.31, for a total transaction of $12,400.00. Following the transaction, the director now owns 375,199 shares in the company, valued at approximately $116,311.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Carla Santilli also recently made the following trade(s):

  • On Friday, January 12th, Carla Santilli sold 108,334 shares of MagneGas stock. The shares were sold at an average price of $0.31, for a total transaction of $33,583.54.
  • 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. (MNGA) traded up $0.02 during midday trading on Friday, hitting $0.33. 2,684,315 shares of the stock traded hands, compared to its average volume of 1,298,764. MagneGas Co. has a 52-week low of $0.29 and a 52-week high of $5.70. The firm has a market capitalization of $7.59, a price-to-earnings ratio of -0.15 and a beta of -0.41. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.08.

MagneGas (NASDAQ:MNGA) last posted its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.39) earnings per share for the quarter. MagneGas had a negative return on equity of 277.02% and a negative net margin of 371.23%. The business had revenue of $0.88 million during the quarter. sell-side analysts forecast 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 increased its holdings in MagneGas Co. (NASDAQ:MNGA) by 709.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. Institutional investors own 3.81% of the company’s stock.

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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.

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