MNGA - MagneGas Applied Technology Solutions, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
0.2724
-0.0057 (-2.05%)
At close: 4:00PM EST
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Previous Close0.2781
Open0.2755
Bid0.0000 x 1100
Ask0.0000 x 2200
Day's Range0.2610 - 0.2801
52 Week Range0.1300 - 7.2000
Volume5,946,077
Avg. Volume19,139,719
Market Cap37.516M
Beta (3Y Monthly)-2.77
PE Ratio (TTM)N/A
EPS (TTM)-1.2320
Earnings DateNov 13, 2018 - Nov 19, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.50
Trade prices are not sourced from all markets
  • MagneGas promotes C-level executives amid restructuring for the Clearwater company
    American City Business Journals16 hours ago

    MagneGas promotes C-level executives amid restructuring for the Clearwater company

    MagneGas Applied Technology Solutions recently completed a corporate restructuring within the Clearwater-based company. The announcements come with a new chief executive officer at the helm, who was appointed last month as a way to “support and accelerate the company’s anticipated growth.” MagneGas appointed Scott Mahoney CEO as the company completes a transition from a technology research-centric organization to a commercial competitor in global industrial gas. Mahoney’s promotion followed the resignation of Ermanno Santilli as president of the company and its various subsidiaries.

  • GlobeNewswire8 days ago

    Series C Convertible Preferred Financing Effectively Complete

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company announces that the holder of the Series C Convertible Preferred financing instrument has converted approximately 98% of its holdings to date.  The Company had previously announced the closing of a $25 million convertible preferred in June of 2017.  This instrument was the primary source of equity financing for the Company for the past 18 months.  The Company understands the investor has elected to retain less than a 2% position in the instrument to preserve certain contractual rights, including the ability to participate in future capital transactions with the Company. “Going forward, we anticipate the ability to dramatically reduce the cost of capital for future growth.   With our revenue scale and path to a positive EBITDA business model, we have significantly improved our access to capital.

  • GlobeNewswire13 days ago

    MagneGas Awarded “Most Innovative Sustainability Solution”

    Scott Mahoney, Chief Executive Officer of MagneGas, commented, “We’re proud to be recognized by global industry players as an innovative sustainability leader. “We thank the organizers of the Maritime2020 Asia Summit, as well as the shipping and maritime industry for their recognition and vote of confidence in us.

  • GlobeNewswire13 days ago

    MagneGas To Present at 11th Annual LD Micro Main Event

    Scott Mahoney, Chief Executive Officer of MagneGas, will be delivering the presentation and meeting with investors scheduled to be at the conference. The LD Micro Main Event will take place December 4th, 5th, and 6th, in Los Angeles at the Luxe Sunset Bel Air Hotel, will feature 250 companies, and will be attended by over 1,200 individuals.

  • Zacks Small Cap Research24 days ago

    MNGA: MagneGas Expanding in Domestic Industrial Gas Business & Pursuing European Grants

    By Steven Ralston, CFA NASDAQ:MNGA READ THE FULL RESEARCH REPORT HERE MagneGas Expanding in Domestic Industrial Gas Business & Pursuing European Grants MagneGas Applied Technology Solutions (NASDAQ:MNGA) ...

  • GlobeNewswire27 days ago

    MagneGas Provides Business Update for the Third Quarter of 2018

    More than 195% Quarterly Revenue Increase from Last Year TAMPA, Fla., Nov. 14, 2018 -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (NASDAQ:.

  • GlobeNewswire29 days ago

    MagneGas Generates $1.05 Million in Sales for October

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today that the Company generated sales of $1.05 million for the month of October, as compared to $0.37 million in October 2017, representing a 180% increase. The sales growth was a result of MagneGas’ expansion into California, Texas and Louisiana through six acquisitions made in 2018.

  • GlobeNewswirelast month

    MagneGas Schedules Third Quarter 2018 Earnings Conference Call and Business Update

    Conference Call to be held Wednesday, November 14, 2018 at 10:00am ET TAMPA, Fla., Nov. 07, 2018 -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company").

  • GlobeNewswirelast month

    MagneGas Receives Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced that the NASDAQ Listing Qualifications Staff has granted the Company’s request for an additional 180-day period, or until May 6, 2019, to regain compliance with the minimum $1.00 bid price per share requirement. Scott Mahoney, Chief Executive Officer (CEO) of MagneGas, stated, “We are pleased to receive an extension from NASDAQ as we advance our commercial strategy and corporate restructuring we recently announced. The NASDAQ Listing Qualifications Staff’s determination to grant the additional 180-day compliance period was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the NASDAQ Capital Market, with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the additional 180-day compliance period by effecting a reverse stock split, if necessary.

  • GlobeNewswirelast month

    MagneGas Completes Acquisition of Texas Welding Supply Company

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the completion of an acquisition of an independent industrial gas and welding supply distributor based in Longview, Texas.  This transaction, priced at $0.75 million, paid in cash at closing, expands the Company’s geographic footprint in the Texas market as it represents the third acquisition in Texas and the fourth acquisition in the Greater Texas region, which is notable for its world-leading oil/gas and transportation industries. “This third acquisition in Texas expands our operating efficiency through economies-of-scale as we march towards cementing MagneGas’ dominant market position in the region,” commented Ermanno Santilli, Chief Executive Officer of MagneGas.  “The acquisition aligns with our strategy to expand our geographic footprint towards Houston, one of the largest global markets for industrial gases and metal-cutting fuels.

  • GlobeNewswirelast month

    MagneGas Completes Acquisition of Louisiana Welding Supply Company

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the completion of an acquisition of an independent industrial gas and welding supply distributor based in Shreveport, Louisiana.  This transaction, priced at $1.5 million, paid in cash at closing, expands the Company’s geographic footprint in the northern Louisiana market along a significant industrial corridor, with strong exposure to the oil and gas production and refining markets.  This acquisition will also include the Company’s first expansion into the medical gas business.

  • GlobeNewswire2 months ago

    MagneGas Announces Second USDA Demonstration Day

    TAMPA, Fla., Oct. 23, 2018 -- MagneGas Applied Technology Solutions, Inc.  ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable.

  • GlobeNewswire2 months ago

    MagneGas Completes Acquisition of Texas Welding Supply Company

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the completion of an acquisition of an independent industrial gas and welding supply distributor based in Paris, Texas.  This transaction, priced at $1.25 million, paid in cash at closing, builds on MagneGas’ acquisition strategy and further expands the Company’s geographic footprint in northeast Texas along a significant industrial corridor. Earlier in the year, MagneGas acquired Green Arc Supply, launching its first commercial presence in Texas and this new acquisition further cements MagneGas’ reach in the state.

  • GlobeNewswire2 months ago

    MagneGas Generates $0.9 Million in Sales for September

    MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today that the Company generated sales of $0.9 million for the month of September, as compared to $0.25 million in September 2017, representing a 260% increase. The sales growth was a result of MagneGas’ expansion into California, Texas and Louisiana through three acquisitions made earlier in 2018. The Company continued to experience improved sales in California, particularly in the agricultural cannabis sector and overall agricultural client base at the Company’s northern California operations managed under the Trico Welding Supplies brand.  The Company also saw steady growth in the San Diego market, where operations are managed under the Complete Welding brand.  The Texas market continued to improve as new clients added during the quarter migrated their relationships away from several major competitors to Green Arc Supply.

  • Former MagneGas president appointed to C-level role with Tarpon Springs firm
    American City Business Journals2 months ago

    Former MagneGas president appointed to C-level role with Tarpon Springs firm

    Ruggero M. Santilli, president of Thunder Energies Corp. in Tarpon Springs, resigned that position but said he will continue with the company as a director, CEO and chief scientific officer.

  • GlobeNewswire2 months ago

    MagneGas Announces Pricing of $5.0 Million Registered Direct Offering

    MagneGas Applied Technology Solutions, Inc. (“MagneGas” or the “Company”) (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced it has entered into a securities purchase agreement with certain accredited institutional investors to purchase approximately $5.0 million of its common stock in a registered direct offering and warrants to purchase its shares of common stock in a concurrent private placement.

  • GlobeNewswire2 months ago

    MagneGas and European Partners Jointly Closes $7.0 Million Grant

    MagneGas Applied Technology Solutions, Inc.  ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the successful closing of a €6.0 million ($7.0 million USD) European Commission grant together with its partner Infinite Fuels, GmbH, an emerging biofuels company based in northern Germany. The grant was awarded by the European Commission’s Executive Agency for Small and Medium-sized Enterprises (EASME), as part of their LIFE programme, a funding instrument that recognizes and supports environmental and climate preservation.  The grant application was initially made by Infinite Fuels through an Eco-Innovation funding initiative within the Energy, Environment, and Resources Department of EASME as part of the LIFE Programme.  MagneGas first announced it would be the recipient the LIFE grant in March 2018.

  • GlobeNewswire2 months ago

    MagneGas Accepted as a Member of The Welding Institute

    Globally Recognized as a Leading Engineering and Research Facility TAMPA, Fla., Oct. 04, 2018 -- MagneGas Applied Technology Solutions, Inc.  ("MagneGas" or the "Company").

  • Why MagneGas Stock Is Soaring Today
    InvestorPlace2 months ago

    Why MagneGas Stock Is Soaring Today

    On Monday, MagneGas said that it was continuing to carry out a plan to re-market itself by formally renaming itself to MagneGas Applied Technology Solutions. The move took place on September 25, 2018 as the company was seeking to better align its corporate identity with its more commercial efforts. MagneGas stock was also booster by the company’s announcement that it was ramping up marketing efforts in Europe, while also getting closer to attaining various grants.

  • GlobeNewswire2 months ago

    MagneGas Implements Corporate Rebranding

    MagneGas Corporation ("MagneGas" or the "Company") (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the Company was formally renamed MagneGas Applied Technology Solutions on September 25, 2018.  The purpose of this rebranding was to better align MagneGas’ corporate identity with its broadened commercial approach that reflects the three commercial applications rooted in the Company’s patented submerged plasma arc technology.  The Company currently has three applications in various stages of commercialization: synthetic gas for metal cutting industrial uses, sterilization of agricultural waste, and an emerging waste to energy application. The Company initiated this rebranding in conjunction with its accelerating marketing efforts in Europe.  The Company is in various stages of grant applications in Europe for government-backed, non-dilutive funding programs that apply to all three commercial applications of its patented submerged plasma arc technology.  MagneGas is also actively expanding its engineering and research capabilities through partnerships and membership in key industrial consortiums in Europe, and would like its corporate brand to fully reflect this development.

  • GlobeNewswire3 months ago

    MagneGas Keynote Speaker for 3rd Annual International Green Shipping Summit

    Leading Clean Technology and Environmental Forum for Global Port Authorities. TAMPA, Fla., Sept. 19, 2018-- MagneGas Corporation, a leading clean technology company in the renewable resources and environmental ...