Gevo (GEVO) stock Makes An Interesting Move: What’s The Buzz?

The Gevo Inc (NASDAQ:GEVO) stock has been in the middle of a strong upward move over the course of the past two trading sessions.

Gevo (GEVO) stock Makes An Interesting Move: What’s The Buzz?

On Monday, the stock jumped by 15% and took its gains for the past two trading sessions to as much as 43%. There was no new development with regards to the company yesterday but the gains might have been related to the announcement of the company’s first-quarter earnings report last week.

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The company’s revenues for the quarter remain close to zero but at the same time, there was considerable attention on the progress made by Gevo with regards to its Net-Zero 1 plant. Gevo managed to generate revenues of only $93000 in the quarter to go along with an operating loss to the tune of $9.9 million. The company also revealed that the front-end designing work for the Net-Zero 1 plant was on schedule and Gevo expects it to be finished by December this year.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.