Gevo(NASDAQ:GEVO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $8.11M. Analysts estimated a revenue of $9.80M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.27.
Gevo (GEVO) made into the market gainers list on Wednesdays trading session with the shares advancing 4.30% or 0.0229 points. Due to strong positive momentum, the stock ended at $0.5549, which is also near the day’s high of $0.5549. The stock began the session at $0.5424 and the volume stood at 23,25,429 shares. The 52-week high of the shares is $2.74 and the 52 week low is $0.22. The company has a current market capitalization of $50 M and it has 8,95,23,003 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Mike Willis (CFO) sold 48 shares at $0.54 per share price.Also, On Jul 19, 2016, Christopher Michael Ryan (President and COO) sold 70 shares at $0.57 per share price.On Jul 12, 2016, Patrick R. Gruber (Chief Executive Officer) sold 108 shares at $0.58 per share price, according to the Form-4 filing with the securities and exchange commission.
Gevo Inc. (Gevo) is a renewable chemicals and biofuels company. The Compnay is focused on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The Company operates through two segments: the Gevo Inc. and the Gevo Development/Agri-Energy. The Gevo Inc. segment is responsible for all research and development activities related to the production of isobutanol including the development of its biocatalysts the production and sale of biojet fuel. The Gevo Development/Agri-Energy Segment is responsible for the operation of its Agri-Energy Facility and the production of ethanol isobutanol and related products.