MagneGas Corporation (NASDAQ:MNGA) announced it signed an expanded joint venture agreement with technology partner Future Energy Pty Ltd of Australia. Under the terms of the agreement, both parties will own 50% of a new Co formed for the purpose of developing, licensing and commercializing new intellectual property for co-combustion of MagneGas fuels with hydrocarbon fuels to reduce emissions and increase energy. This agreement includes and extends beyond the existing partnership of coal co-combustion to include other current and future developments such as the combustion of MagneGas with diesel, heavy oil, aviation fuels, and liquid petroleum gas. MagneGas Corporation (NASDAQ:MNGA) shares after opening at $1.58 on last trade day and at the end of the day closed at $1.62. Company price to sales ratio in past twelve months was calculated as 98.63 and price to cash ratio as82.19. MagneGas Corporation (NASDAQ:MNGA) showed a negative weekly performance of -24.65%.
GASTAR EXPLORATION, INC. (NYSEMKT:GST) Exploration announced that the applicable provincial securities commissions in Canada have issued a decision which has the effect of granting Gastar continued exemptive relief from the disclosure requirements contained in Canada’s National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Gastar obtained similar exemptive relief in December 2011, but was required to obtain the current Decision as a result of the facts underlying the original exemptive relief changing due to Gastar’s recent migration out of Canada to Delaware and the subsequent merger of Gastar Exploration, Inc. and Gastar Exploration USA, Inc. GASTAR EXPLORATION, INC. (NYSEMKT:GST) shares advanced 6.84% in last trading session and ended the day on $5.47.GST return on equity ratio is recorded as 68.60% and its return on assets is 12.50%. GASTAR EXPLORATION, INC. (NYSEMKT:GST) yearly performance is 205.59%.
Clean technology company Synthesis Energy Systems, Inc. (NASDAQ:SYMX) reported on Friday the completion of a registered direct placement of 8,333,334 units. This offering of 8,333,334 units was priced at USD1.80 per unit for aggregate gross proceeds of USD15m. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) shares moved up 10.00% in last trading session and was closed at $1.96, while trading in range of $1.76 – $1.96. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) year to date (YTD) performance is 226.67%.
Emerge Energy Services LP Common Units representing Limited Partner Interests (NASDAQ:EMES) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $49.40 target price on the stock. Emerge Energy Services LP (NYSE:EMES) weekly performance is 11.03%. On last trading day company shares ended up $62.22. Emerge Energy Services LP (NYSE:EMES) distance from 50-day simple moving average (SMA50) is 30.11%. Analysts mean target price for the company is $54.50.