Taronis Technologies Inc (fka TRNX)

[jacklanvo99]

MagneGas Corporation (NASDAQ:MNGA) to Report Quarterly Earnings: What’s in the Cards?

General operating expenses increased approximately $900,000 for the first quarter ending March 31, 2016 to $2.9 million from $2.0 million for the same period last year. In the first quarter of 2016, the Company had approximately $1 million of non-recurring operational and capital expenses related to the move to the new headquarters and various consulting contracts that expired in March of 2016.

The Company recently began an aggressive cost cutting campaign aimed at focusing operational expenses on major business opportunities as an initiative for 2016.

Stock’s Performance

MagneGas Corporation (NASDAQ:MNGA) shares traded during its most recent trading session in the range of $0.85 – $1.01. The stock has slipped -3.48% in the past week and plunged -10.70% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -16.18% while its year to date performance is at -40.65%.

The stock ended previous trading session in the red zone in a volatile trading. The stock closed down -0.016 points or -1.60% at $0.956 with 1.03 million shares getting traded, post opening the session at $0.96.


http://www.thepointreview.com/magnegas-corporation-nasdaqmnga-to-report-quarterly-earnings-whats-in-the-cards/





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