Aemetis Gains More Than 30% As Crude Oil Rides Above $42

One of the clean energy pioneers Aemetis (NASDAQ: AMTX) is climbing over 30% on five million shares. On Wednesday AMTX rose to $1.67 on 3.86 million shares of daily volume. Energy products are in high danger since the COVID-19 outbreak. Even charging stations see a devastating effect on their revenues.

Aemetis has been struggling to provide net income for common shareholders for several years. As uncertainty kills expectations the clean energy products are still in search of permanent customers.

Crude oil prices are slowly growing amid limited demand for the black gold. Economies are emerging but possible lockdown this fall or winter may destroy all the investments of energy companies.