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MagneGas Corp (MNGA.OQ)

MNGA.OQ on NASDAQ Stock Exchange Capital Market

0.29USD
14 Dec 2017
Change (% chg)

$-0.05 (-15.63%)
Prev Close
$0.35
Open
$0.34
Day's High
$0.34
Day's Low
$0.29
Volume
224,528
Avg. Vol
118,020
52-wk High
$5.74
52-wk Low
$0.29

Latest Key Developments (Source: Significant Developments)

Magnegas Corp Expects To Increase Industrial Gas Sales By About 40 pct ‍In 2017​
Thursday, 30 Nov 2017 07:30am EST 

Nov 30 (Reuters) - Magnegas Corp ::MAGNEGAS CORP - ‍IN 2017, WE EXPECT TO INCREASE OUR INDUSTRIAL GAS SALES BY APPROXIMATELY 40%​.  Full Article

Magnegas reports qtrly ‍net loss per share $0.39​
Wednesday, 15 Nov 2017 07:30am EST 

Nov 15 (Reuters) - Magnegas Corp :Magnegas provides business update for the third quarter of 2017; metal cutting fuel and welding supply revenues increases 30%.Sees FY 2017 revenue up more than 120 percent.Magnegas corp - qtrly ‍net loss per share basic and diluted $0.39​.  Full Article

MagneGas Corp says 3 largest distributors agreed to increases in MagneGas 2 purchases
Wednesday, 1 Nov 2017 08:18am EDT 

Nov 1 (Reuters) - MagneGas Corp -:MagneGas corp - ‍announced 3 largest MagneGas distributors agreed to significant increases in MagneGas2 purchases due to increased end market demand​.MagneGas -Three distributors have agreed to minimum purchases, that could represent minimum three-fold increase in sales from them beginning q4 of 2017​.  Full Article

Magnegas projects 2017 revenues to grow over 120 pct vs 2016
Monday, 30 Oct 2017 07:30am EDT 

Oct 30 (Reuters) - Magnegas Corp :Magnegas projects 2017 revenues to grow over 120% versus. 2016.Sees FY 2017 revenue up more than 120 percent.Sees FY 2017 revenue more than $7.5 million.  Full Article

Magnegas executes Letter of Intent to acquire Louisiana & Texas industrial gas distributor
Tuesday, 3 Oct 2017 07:00am EDT 

Oct 3 (Reuters) - Magnegas Corp : :Magnegas executes Letter of Intent to acquire Louisiana & Texas industrial gas distributor that generates over $1.6 million of annualized revenue.Magnegas Corp - ‍deal inculde upfront cash consideration for transaction is $2 million, plus an additional $1 million in Magnegas common stock​.Magnegas Corp - co see this as highly accretive transaction that will impact top line growth and bottom line profitability in 2018 and beyond.  Full Article

MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue
Wednesday, 27 Sep 2017 07:00am EDT 

Sept 27 (Reuters) - MagneGas Corp :MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue.MagneGas Corp - ‍upfront cash consideration for transaction is $750,000​.MagneGas Corp - ‍acquisition would represent a 28% increase in MagneGas revenues compared to company's 2016 revenues​.  Full Article

Magnegas announces LOI for $1.9 million gasification unit
Tuesday, 26 Sep 2017 07:15am EDT 

Sept 26 (Reuters) - Magnegas Corp :Magnegas announces LOI for $1.9 million gasification unit.Magnegas Corp - ‍Co also announced it plans to form a joint venture, in which it will hold a 40% minority stake​.Magnegas Corp - ‍European partnership is expected to begin commercial operations in Q4 of 2017 using leased gasification unit in Florida​.Magnegas Corp - ‍Minority stake will include commitment from European partner to purchase multiple gasification units from Magnegas in near term​.  Full Article

Magnegas reports no damages from hurricane Irma
Tuesday, 12 Sep 2017 08:00am EDT 

Sept 12 (Reuters) - Magnegas Corp ::Magnegas reports no damages from hurricane irma and gears up to support the cleanup and rebuilding efforts.Magnegas Corp- "‍expects to restart operations today or tomorrow, depending on local and state authorities' efforts to assess damage and re-open roads​".  Full Article

Magnegas announces August operational update
Monday, 11 Sep 2017 07:30am EDT 

Sept 11 (Reuters) - Magnegas Corp :Magnegas announces August operational update; sales increase 57% compared to august 2016.  Full Article

Magnegas reports preliminary Q2 financial results
Friday, 18 Aug 2017 07:00am EDT 

Aug 18 (Reuters) - Magnegas Corp ::Magnegas reports preliminary financial results and business update for the second quarter of 2017.Initiated cost reduction program​.Sees Q2 revenue $966,200 versus $837,300.Preliminary gross profit for Q2 ending June 30, 2017 increased to $433,547 from $364,982 for same period last year..  Full Article