Shares ofMethes Energies International Ltd (NASDAQ: MEIL), engaged in the business of offering a variety of products and services to biodiesel fuel producers, recorded over 24.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. MEIL was the top performer in the U.S. industrials sector after gaining 34.6% and closed at $1.36 Wednesday, while recording significant trading volumes of 217,243 shares. MEIL has recently welcomed the re-instatement of the incentives for biodiesel and renewable diesel for 2014. The “Tax Increase Provision Act of 2014” (H.R. 5771) extends for one year a number of tax relief provisions that expired either at the end of 2013 or during 2014. During the past 5-trading sessions, MEIL gained 100.0% with daily average trading volumes of 97,890 shares, while the stock accumulated 63.9% gain during the past one month with daily average trading volumes of 38,868 shares.
Company Description:
Methes Energies International Ltd (NASDAQ: MEIL) provides a suite of biodiesel solutions targeted at large and small scale biodiesel producers, as well as entrepreneurs seeking the independence of producing their own fuel. The company goes beyond making biodiesel and cover all aspects of the engineering, manufacturing, production, logistic, marketing and distribution processes.
1-Year Stock Chart:
Source: Bloomberg
