As far as Thursday’s action is concerned, investors could take a look at the Vertex Energy (NASDAQ:VTNR) stock. The vertex stock has soared by as much as 150% in after-hours trading and that has been triggered by a key announcement.
Late Wednesday, the company announced that it reached an agreement with Royal Dutch Shell with regards to the acquisition of its refinery in Mobile, Alabama in a deal worth $75 million.
The President and Chief Executive Officer of the company Benjamin Cowart stated that the acquisition is going to be the biggest and most important acquisition ever completed by the company. He went on to state that the acquisition of this refinery is going to help the company in becoming the leader among the suppliers of conventional products and renewable energy in the region. It is not going to be interesting to see if the Vertex stock can continue to add to its gains over the coming trading sessions.
VTNR stock soared 151.12% to a new 52-week high of $4.47.
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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.