Last week Vertex Energy (NASDAQ: VTNR) rapidly popped from $1.75 to $7.79, what consequences led to such a rise in shares, and will it continue to surge? Such an increase was caused by the transaction of acquiring Mobile Chemical Refinery in Mobile, AL from Royal Dutch Shell RDS.A, at the ending of this deal, the company will own the whole firm by $75 million in the following four quartal.
Experts claim that such transactions will lead to an increase in profit and revenue in the coming months, thus shareholders can be satisfied with owning stock of this company. Today, when the market has opened, stocks are rising up steadily, in short term they will predictably proceed to increase, but what about the long term?
The future of the company depends on the sale of the company’s products and the correct disposal of financial resources, which we can see now. Is it the perfect time to buy stocks? Undoubtedly investors should pay attention and monitor the company’s further transactions.