MagneGas Co. (NASDAQ:MNGA) shares hit a new 52-week high and low on Friday . The stock traded as low as $0.50 and last traded at $0.50, with a volume of 6600 shares traded. The stock had previously closed at $0.52.
Separately, HC Wainwright set a $6.00 price objective on MagneGas and gave the stock a “buy” rating in a research report on Wednesday, May 16th.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.64.
MagneGas Company Profile
MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of liquid and liquid waste in the United States and internationally. The company produces gas bottled in cylinders and distributes to the metalworking market as an alternative to acetylene.
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