MagneGas Applied Technology Solutions, Inc. (NASDAQ: MNGA) is making a run for the top in the market today. However, there hasn’t been any news released by the company. No press releases issued, no SEC filings filed. Nonetheless, there is a reason for the gains. Today, we’ll talk about:
- Why MNGA is headed up;
- what we’re seeing from the stock; and
- what we’ll be watching for ahead.
MNGA Flies Ahead Of Catalyst
As mentioned above, MagneGas Applied Technology Solutions is having a strong day in the market today, but there hasn’t been any news issued. So, what’s the deal? The run likely has to do with the catalystic event that is taking place tomorrow.
On November 20, 2018, MNGA issued a press release announcing that it would be presenting as a speaker at the 2018 Maritime 2020 Asia Summit. The Summit is being held tomorrow in Singapore.
At the event, Scott Mahoney, CEO at MNGA, will be delivering a presentation. Jack Armstrong, EVP of Business Development will also be at the event. However, as with any of these conferences, the opportunity is in much more than the presentation. The opportunity with these conferences has to do with the attendees.
You see, the Maritime 2020 Asia Summit is a meeting place of thought leaders, big time investors, and other key players in the industry. Not only will the company have the ability to showcase its tallents in front of these market leaders, it will also have the opportunity to create relationships with big time investors, potential partners, and more.
What We’re Seeing From The Stock
As excitement with regard to tomorrow’s catalystic event continues to surface, we’re seeing strong gains in the value of MagneGas in the market today. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (12:56), MNGA is trading at $0.30 per share after a gain of $0.027 per share or 9.78% thus far today.
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What We’ll Be Watching For Ahead
Moving forard, the iWatch Markets team will continue to keep a close eye on MNGA. In particular, we’re interested in following the company’s event tomorrow and any news released by the company as it continues to go through its transition. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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