Gevo, Inc. (NASDAQ:GEVO), Gruber Patrick R., CEO of Gevo Inc, unloaded 4,046 shares at an average price of $0.3 on February 17, 2015. The total amount of the transaction was worth $1,214, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Gevo, Inc. (NASDAQ:GEVO) increased 14.89% or 0.035 points in todays market. Owing to the heightened optimism, Intraday the shares traded at a considerable range near the opening level of $0.242. The low of the day was $0.2368. The stock managed to hold on to the gains, closing at $0.27, near the days high of $0.278. Volume for the day stood at 7,612,197 shares. The shares had ended the earlier market day at $0.235. The 52-week high of the stock price is $1.55 and the 52-week low is $0.1198. The counter has a market cap of $36 million and has roughly 132,878,000 outstanding shares.
Shares of Gevo, Inc. (NASDAQ:GEVO) appreciated by 17.9% during the past week but lost 6.9% on a 4-week basis. The shares have outperformed the S&P 500 by 17.16% in the past week but underperformed the index by 9.48% in the last 4 weeks.
Gevo, Inc., is a renewable chemicals and advanced biofuels company. The Company is focused on the development and commercialization of alternatives to petroleum-based products. The Company operates in two segments: Gevo, Inc. Segment and Gevo Development/Agri-Energy Segment. Gevo, Inc. Segment is responsible for all research and development activities related to the future production of isobutanol, maintaining and protecting its intellectual property portfolio, developing future markets for its isobutanol and providing corporate oversight services. Its Gevo Development/Agri-Energy Segment is responsible for the production of ethanol and related products. In September 2010, the Company acquired a 22 MGPY ethanol production facility in Luverne, Minnesota that the Company intends to retrofit to produce isobutanol.
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