Magnegas Applied Tchnlgy Sltns Inc (NASDAQ:MNGA) gapped up prior to trading on Tuesday . The stock had previously closed at $0.23, but opened at $0.25. Magnegas Applied Tchnlgy Sltns shares last traded at $0.25, with a volume of 17743 shares trading hands.
Separately, HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Magnegas Applied Tchnlgy Sltns in a research report on Wednesday, August 15th.
The company has a debt-to-equity ratio of 0.06, a current ratio of 1.36 and a quick ratio of 0.79.
Magnegas Applied Tchnlgy Sltns Company Profile (NASDAQ:MNGA)
MagneGas Applied Technology Solutions, Inc, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. The company offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene.
See Also: Cost of Debt
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