Pacific Ethanol Inc (NASDAQ:PEIX) shares down by 6.46%, FX Energy, Inc (NASDAQ:FXEN)

Posted by Michael Korte May 28, 2013 0 Comment 990 views


Hartford, CT 05/28/2013 (GDPInsider) – In Friday’s trading session, Pacific Ethanol Inc (NASDAQ:PEIX) dipped by 6.46%. Its opening price of $4.99 was the intraday high as well, which eventually headed down to close at $4.44 per share. More than 0.384 million shares exchanged hands in the last trading session. This number stood above the average volume of 0.288 million that was measured over a 30-day period.

Pacific Ethanol Inc (NASDAQ:PEIX) produces and markets low-carbon renewable fuels in the Western region of the United States. The company markets all the ethanol that it produces at four ethanol production facilities situated in California, Oregon, Idaho or the Pacific Ethanol Plants. It does the same for ethanol that has been produced by 3 other ethanol producers in the same region as well as that which has been purchased from third-party suppliers across the U.S. It markets ethanol co-products as well. These include wet distiller’s grains and syrup.

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In Friday’s trading session, FX Energy, Inc (NASDAQ:FXEN) dipped by 6.37%. Its opening price of $4.53 was the intraday high too, which eventually headed down to close at $4.15 per share. More than 0.901 million shares exchanged hands in the last trading session. This number stood below the average volume of 0.940 million that was measured over a 30-day period.

FX Energy, Inc (NASDAQ:FXEN) is an independent, oil and gas company. It is involved in exploring and producing these products. It also appraises and explores activities in Poland. FXEN operates in two segments of this industry: the exploration and production (E&P) segment in the United States and Poland, and the oil-field services segment in the U.S. In addition to this, FX Energy, Inc (NASDAQ:FXEN) has oil producing and oil-field service activities. It also has a shale acreage position in the U.S. In the year ended 31 December 2011, the company gas production was 4.4 billion cubic feet of natural gas.

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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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