Somewhat Positive Media Coverage Somewhat Unlikely to Affect MagneGas (MNGA) Share Price

News headlines about MagneGas (NASDAQ:MNGA) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MagneGas earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 44.9044251019013 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of MagneGas (NASDAQ:MNGA) opened at $1.31 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.08. MagneGas has a 12-month low of $1.24 and a 12-month high of $79.50. The company has a market capitalization of $1.99, a price-to-earnings ratio of -0.04 and a beta of -1.01.

In related news, Director Carla Santilli sold 108,334 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $0.31, for a total transaction of $33,583.54. Following the completion of the sale, the director now directly owns 375,199 shares in the company, valued at $116,311.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 10.00% of the stock is currently owned by company insiders.

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About MagneGas

MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.

Insider Buying and Selling by Quarter for MagneGas (NASDAQ:MNGA)

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