Somewhat Positive Press Coverage Somewhat Unlikely to Affect MagneGas (MNGA) Share Price

Media coverage about MagneGas (NASDAQ:MNGA) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MagneGas earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 44.8095707244485 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern’s scoring:

MagneGas (NASDAQ MNGA) remained flat at $$1.00 during mid-day trading on Friday. The company’s stock had a trading volume of 882,445 shares, compared to its average volume of 2,446,337. MagneGas has a 1 year low of $0.91 and a 1 year high of $75.00. The company has a market cap of $1.75, a price-to-earnings ratio of -0.03 and a beta of -0.47. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.08.

Separately, HC Wainwright set a $6.00 target price on shares of MagneGas and gave the stock a “buy” rating in a research note on Thursday, March 1st.

In other news, Director Carla Santilli sold 108,334 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $0.31, for a total value of $33,583.54. Following the completion of the sale, the director now owns 375,199 shares in the company, valued at approximately $116,311.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by company insiders.

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About MagneGas

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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