Insider Trading Activity in: MagneGas Corporation $MNGA

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MagneGas Corporation (MNGA) insiders have most recently took part in a trading activity. On Dec 15, 2017 Santilli Carla, Director bought 108,334 shares having total worth of $31,417 at the price of $0.29 per share, following the transaction a total of 415,199 shares owned by Santilli Carla.

On the same day, Pollack Kevin, Director bought 108,334 shares having total worth of $31,417 at the price of $0.29 per share, following the transaction a total of 131,813 shares owned by Pollack Kevin.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 sell activities .Furthermore, over the past 12 months , the stock was traded 7 times by insiders. In 5 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 1 -43.18%
12 Month 2 5 -94.87%

Shares of MagneGas Corporation (MNGA) traded up 2.04% on Dec 15, 2017, hitting $0.3. 519,992 shares of the company’s stock traded hands. MagneGas Corporation has a 52 week low of $0.29 and a 52 week high of $8.08. The company’s market cap is $34 million.

MagneGas Corporation (MNGA) last announced its earnings results on Nov 15, 2017. The company reported -0.39 earnings per share (EPS) for the quarter. The company had revenue of $1 million for the quarter During the same quarter in the previous year, the company posted -0.08 earnings per share. The company’s revenue for the quarter was down 15% on a year-over-year basis.

2017-11-15 2017-05-15 2017-04-03 2017-03-31 2016-08-15 2016-05-16 2016-03-23 2015-11-10 2015-08-10 2015-05-13
earnings per share -0.39 -0.03 -0.12 0.00 -0.10 0.00 -0.06 -0.05 -0.05 -0.06
Revenue(M) 0.88 0.87 1.01 0 0.84 0 0.68 0.62 0.58 545.65

MagneGas Corporation was organized in the state of Delaware on December 9, 2005. It was originally organized under the name 4307, Inc., for the purpose of locating and negotiating with a business entity for a combination. On April 2, 2007, the entity was purchased by Clean Energies Tech Co. and subsequently, its name was changed to MagneGas Corporation. The Company creates and produces hydrogen based alternative fuel through the gasification of carbon-rich liquids. It produces and distributes gas bottled in cylinders to the metalworking market as an alternative to acetylene. The company also sells and licenses the plasma arc technology for the processing of liquid waste. Its product portfolio encompasses MagneGas, which primarily comprises hydrogen; and Plasma Arc Flow refineries that produce gas. The Company produces MagneGas for the metalworking fuel market. The fuel is applied as an alternative to natural gas in power industrial equipment, automobiles and metal cutting. This fuel is stored in hydrogen cylinders which are then sold to market on a rotating basis. Plasma Arc Flow refineries are engaged in the gasification of liquid waste such as ethylene glycol and sterilize sewage and sludge. The main competition for the metalworking market comes from acetylene fuel. These are distributed through large multinational companies such as Airgas, and also through small regional independent distributors. The Company is subject to several state, federal and local laws and oversight of several agencies, including the Department of Transportation, Department of Environmental Protection and the Occupational Safety and Health Act in addition to local city and state zoning, fire and other regulations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.