MagneGas Co. (NASDAQ:MNGA) CFO Luisa Ingargiola sold 103,426 shares of the stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $1.25, for a total value of $129,282.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of MagneGas Co. (NASDAQ:MNGA) opened at 1.33 on Tuesday. The stock’s market capitalization is $54.82 million. MagneGas Co. has a one year low of $0.52 and a one year high of $2.50. The company’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.22.

MagneGas (NASDAQ:MNGA) last released its earnings results on Wednesday, November 11th. The company reported ($0.05) earnings per share for the quarter. Analysts anticipate that MagneGas Co. will post ($0.19) EPS for the current year.

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 has two products: a fuel called MagneGas and the machines that produce that gas known as, Plasma Arc Flow System. It has developed a process, which transforms various types of liquid waste through a plasma arc machine. The Company produces gas bottled in cylinders for the purpose of distribution to the metalworking market as an alternative to acetylene. The Company has retail and wholesale platforms to sell its fuel for use in the metalworking and manufacturing industries. The Company produces fuel for the metalworking fuel market. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania. In addition, it has direct retail customers in Florida and New York.

12 Month Chart for NASDAQ:MNGA

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