MagneGas Corporation (MNGA) Receiving Somewhat Favorable Media Coverage, Study Shows
Headlines about MagneGas Corporation (NASDAQ:MNGA) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MagneGas Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.0333603107944 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- MagneGas Corporation : Featured Company News – MagneGas Declares Sale of Additional Gasification Unit Worth $1.58 Million for the European Market (4-traders.com)
- MagneGas Granted Membership in the Social Stock Exchange (finance.yahoo.com)
MagneGas Corporation (NASDAQ:MNGA) traded up 1.163% during midday trading on Thursday, hitting $0.435. The company had a trading volume of 368,818 shares. The firm’s market capitalization is $5.30 million. MagneGas Corporation has a 1-year low of $0.40 and a 1-year high of $7.50. The company has a 50 day moving average price of $0.55 and a 200 day moving average price of $1.33.
Separately, ValuEngine upgraded MagneGas Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 12th.
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About MagneGas Corporation
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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