MagneGas Corp (NASDAQ: MNGA), a waste management company, is featured as today’s top momentum gainer since the stock gained more than 4% during the last two consecutive trading days with significant numbers of shares exchanging hands. During the last trading session, MNGA was the top performer in the U.S. industrial sector having gained 22.1% breaking the short term 50-Day DMA at $0.87. The stock at $1.05 while recording significant volumes of 6.03 million shares. During the last 5-trading sessions, MNGA surged 38.3% recording daily average volumes of 1.9 million shares, while the stock accumulated over 10.5% during the past one month with 30-day average volumes of 677,953 shares.
Company Description:
MagneGas Corp (NASDAQ: MNGA) provides services in cleaning and converting contaminated waste. The company recycles city sludge, animal manure, and other liquid waste materials into a clean burning biogas that can be used to operate machinery designed to use natural gas or used for a metal cutting fuel.
1-Year Stock Chart:
Source: Bloomberg
