MagneGas Co. (NASDAQ:MNGA) Director Carla Santilli sold 40,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $0.31, for a total value of $12,400.00. Following the transaction, the director now owns 375,199 shares in the company, valued at $116,311.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 value 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 value 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 value of $9,903.96.
Shares of MagneGas Co. (NASDAQ:MNGA) traded down $0.21 during midday trading on Monday, hitting $1.79. The stock had a trading volume of 277,719 shares, compared to its average volume of 446,068. The firm has a market capitalization of $3.51, a PE ratio of -0.05 and a beta of -1.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.26 and a current ratio of 0.70. MagneGas Co. has a twelve month low of $1.76 and a twelve month high of $79.50.
MagneGas (NASDAQ:MNGA) last posted its earnings results on Wednesday, November 15th. The oil and gas company reported ($0.39) EPS for the quarter. The business had revenue of $0.88 million during the quarter. MagneGas had a negative net margin of 371.23% and a negative return on equity of 277.02%. sell-side analysts expect that MagneGas Co. will post -14.09 earnings per share for the current fiscal year.
An institutional investor recently raised its position in MagneGas stock. Virtu KCG Holdings LLC grew its position in shares of MagneGas Co. (NASDAQ:MNGA) by 709.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,468 shares of the oil and gas company’s stock after purchasing an additional 96,829 shares during the quarter. Virtu KCG Holdings LLC owned approximately 1.85% of MagneGas worth $136,000 as of its most recent filing with the SEC. 49.24% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/05/carla-santilli-sells-40000-shares-of-magnegas-co-mnga-stock.html.
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.
Receive News & Ratings for MagneGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagneGas and related companies with MarketBeat.com's FREE daily email newsletter.