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Enter Symbol:
 
MagneGas Corporation (MNGA) [hlAlert]

Rating:
Outperform
MNGA
down 65.35 %

MagneGas Corporation (MNGA) rated Outperform with price target $7.50 by Northland Securities

Posted on: Monday,  Oct 1, 2012  8:25 AM ET by Northland Securities

Northland Securities rated Outperform MagneGas Corporation (NASDAQ: MNGA) on 10/01/2012, when the stock price was $2.80. Since
then, MagneGas Corporation has lost 65.36% as of 12/03/2015's recent price of $0.97.
If you would have followed this Northland Securities's recommendation on MNGA, you would have lost 65.35% of your investment in 1158 days.

MagneGas Corporation was originally formed for the purpose of locating and negotiating with a business entity for a combination. The Company is focusing on expanding to various regions of the world (with the exception of the European Continent and Africa) through Joint Venture partnerships for manufacturing and distribution of the Magnegas equipment and fuel. The Company?s focuses on providing services in cleaning and converting contaminated liquid waste. The Company has acquired contracts with regional suppliers for its metal cutting biogas. In addition, the Company is in various stages of negotiation with several companies with interest in purchasing its Plasma ArcFlow equipment and licenses for their use and have received two deposits towards the purchase of equipment.

Our equity research effort attempts to identify high potential small-cap investment ideas. We offer traditional sell-side research services with a particular focus on unearthing information that either supports or challenges our investment thesis. We strive to continuously provide our institutional client base with timely and insightful thinking.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2012 8:25 AM Buy
None
2.80 7.50
as of 12/31/2012
1 Week up  8.39 %
1 Month down  -18.42 %
3 Months down  -44.64 %
1 YTD down  -44.64 %

(*) Stock Price at the time of the recommendation.
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