PALG Petroalgae Inc. featured news, full reports, and detailed charts
Petroalgae Inc. (PALG/PALG.OB) Wrap Up:
PetroAlgae Inc., a development stage company, engages in developing a commercialized system consisting of technologies to grow and harvest oil from algae and other species of micro-crops, such as diatoms and micro-spores. The company was founded in 2006 and is headquartered in Melbourne, Florida.Petroalgae Inc. (PALG:OTC Bulletin Board Market)
Snapshot of Petroalgae Inc. (PALG)
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OPEN
$22.92
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PREVIOUS CLOSE
$20.00
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DAY HIGH
$22.92
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DAY LOW
$22.92
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52 WEEK HIGH
07/22/09 - $40.00
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52 WEEK LOW
03/26/09 - $2.00
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MARKET CAP
2.4B
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AVERAGE VOLUME 3 mo
164.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
105.9M
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PALG Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
PALG Top Compensated Officers
Executives, Board Directors
Key developments for Petroalgae Inc. (PALG)
Petroalgae Inc. announced that it has received official notice that the protein from PetroAlgae's proprietary micro-crop production technology has successfully passed testing by the Indonesian Ministry of Agriculture, and that the PetroAlgae protein is suitable for use as a raw material in animal feed in Indonesia. Furthermore, the protein has been cleared for importation as a raw material to be used as an ingredient for animal feed. This protein is a co-product of PetroAlgae's core bio-crude (renewable fuel feedstock) production system. Licensees of the PetroAlgae production system will be expected to follow the Guidance and Procedures for the Registration of Animal Feed in Indonesia.
On August 28, 2009, the Board of Directors of PetroAlgae Inc. appointed John S. Scott, Ph.D. as Chief Executive Officer. Dr. Scott has been the Chairman of the Board of Directors of PetroAlgae since December 16, 2008 and will continue in that role.
Petroalgae Inc. reported earnings results for the second quarter ended June 30, 2009. Net loss for the quarter was $7.85 million, down $3.72 million for the same quarter the previous year.
PALG Competitors
| Company | Last | Change | |
| No competitor information is available for PALG. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | PALG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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PALG |
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PALG transactions
| Type Date |
Target |
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Private Placement
October 19, 2009 |
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Private Placement
October 9, 2009 |
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Private Placement
August 28, 2009 |
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