Shares of NASDAQ:MNGA opened at $0.83 on Wednesday. MagneGas has a one year low of $0.80 and a one year high of $60.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.26 and a current ratio of 0.70.
In other news, Director Carla Santilli sold 108,334 shares of MagneGas stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $0.31, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.00% of the stock is owned by insiders.
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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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