BrenX Ltd. (NASDAQ:BRNX – Get Free Report)’s share price was up 8.3% during mid-day trading on Thursday. The stock traded as high as $0.4894 and last traded at $0.4660. Approximately 110,423 shares traded hands during trading, an increase of 14% from the average daily volume of 96,450 shares. The stock had previously closed at $0.4301.
More BrenX News
Here are the key news stories impacting BrenX this week:
- Positive Sentiment: BrenX said the 32 MWh system produced approximately 40% lower steam energy costs at Tempo. The company estimates savings of about US$1 million annually and US$15 million over 15 years if performance continues, supporting the potential commercial value of its technology. The results are preliminary and reflect one customer installation. BrenX Reports Preliminary Results Indicating Approximately 40% Lower Steam Energy Costs at Tempo Beverages
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of BrenX in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Report on BrenX
BrenX Stock Up 8.3%
The company’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $17.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.18.
BrenX (NASDAQ:BRNX – Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported ($62.95) earnings per share (EPS) for the quarter.
BrenX Company Profile
We are a technology company that develops, produces, markets and sells TES systems based on our proprietary and patented bGen™ technology. The use of our technology enables better renewable integration, increases energy efficiency and reduces carbon emissions by allowing constant and reliable energy while stabilizing the intermittent nature of renewable sources. We believe that climate change is the greatest challenge of our times. A major contributor to climate change is carbon emissions being emitted to the atmosphere.
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