Media headlines about MagneGas (NASDAQ:MNGA) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MagneGas earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.2710872063586 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of MagneGas (NASDAQ:MNGA) remained flat at $$0.32 during trading hours on Wednesday. The company had a trading volume of 430,100 shares, compared to its average volume of 828,450. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.70 and a quick ratio of 0.26. The stock has a market capitalization of $3.83, a price-to-earnings ratio of -0.15 and a beta of -0.41. MagneGas has a 52-week low of $0.29 and a 52-week high of $5.70.
MagneGas (NASDAQ:MNGA) last issued its quarterly earnings results on Wednesday, November 15th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter. The firm had revenue of $0.88 million during the quarter. MagneGas had a negative return on equity of 277.02% and a negative net margin of 371.23%. research analysts forecast that MagneGas will post -0.94 earnings per share for the current year.
In other news, Director Kevin Pollack purchased 108,334 shares of the stock in a transaction dated Friday, December 15th. The shares were purchased at an average cost of $0.29 per share, with a total value of $31,416.86. Following the completion of the purchase, the director now directly owns 131,813 shares of the company’s stock, valued at approximately $38,225.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.45% of the company’s stock.
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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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