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MNGA - MagneGas Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StocksHighALert, Sep 29, 2016.

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  1. StocksHighALert

    Joined:
    Apr 10, 2016
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    New Opportunity: MagneGas Corporation (NASDAQ: MNGA)

    Today’s alert is sitting right at key support with major moving averages playing a big role. This is a Nasdaq stock, and a high-beta play – that means, it moves a lot!

    Our last two Nasdaq alerts have busted higher for between 30-40%. Today’s looks every bit as interesting.

    MNGA is coming off some major announcements and just reporting a quarter with 43% top line growth. With quarter end coming this week, investors and traders will want to position here ahead of the Company’s Q3 report.

    [​IMG]

    Highlights:

    • MNGA has a small trading float of just 37.85M, which suggests the stock could launch higher on any additional influx of interest.
    • MNGA is making real money, with trailing revs already coming in at $2.80M.
    • MNGA is starting to see major topline growth, with quarterly y/y revs increasing at 43%.
    • MNGA is showing a clear surge in interest, with volume over the last couple weeks tracking 34% above its recent averagelevels.
    • MNGA is resting on key support at the 20-day and 50-day moving averages.
    About MNGA

    MagneGas® Corporation (MNGA) owns a patented process that converts various renewable and waste liquids into hydrogen based fuels. These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown the fuels are faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.

    The MagneGas2®fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an advantage as fuels can be manufactured on site from raw materials found locally and eliminates the time and expense of shipping to the specific end user location. The Company is planning to sell the equipment or establish joint ventures with third parties to construct these supply facilities.

    The Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets.
     
  2. mnga victim

    mnga victim New Member

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    MNGA will be the subject of a lawsuit, over several false statement on or about the time of their recent reverse stock split. If you lost money recently trading mnga reach out to mngavictims @gmail.com

    You can't recover losses, if the lawyers don't know about you.
     

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