NWGN.OB---Sector: Basic Materials---Industry: Oil & Gas Refining & Marketing

[setravis]

Profile: 

 
NewGen Technologies Inc.
6000 Fairview Road
12th Floor
Charlotte, NC 28210
United States - Map
Phone: 704-552-3590
Web Site: http://www.newgenholdings.com

DETAILS   
Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Refining & Marketing
Full Time Employees: 52


BUSINESS SUMMARY   
NewGen Technologies, Inc., a fuel production and distribution company, manufactures and distributes renewable biofuels and hydrocarbon blends in the United States. Its products include proprietary and complex technology that improves the performance of gasoline and diesel fuels, as well as alternative fuels, such as ethanol-based E85 and biodiesel-based B20 blends. NewGen Technologies own fuel terminal storage and distribution terminals, as well as a network of wholesale and retail outlets in southeast. The company has joint venture with Advanced Biotechnologies, Inc.; PowerSHIFT Energy Company, Inc.; and Palmbio Venture Pte Lte for manufacturing, processing, storing, marketing, distributing, and selling biodiesel, biodiesel mixtures, and biodiesel byproducts. NewGen Technologies also has a joint venture with Actanol Service, Ltd. to provide energy and biofuel plant solutions; and a strategic agreement with Granite Group Chicago LLC for the rights to develop a gas station/convenience-store prototype. The company was founded in 2005 and is based in Charlotte, North Carolina.

[setravis]

Guess last debate fired this one up.......
May have missed this first move,
Watch for a pullback...may be able to make some dough yet...
I think the stochastic is saying dip time ! For one thing that is a 1,000%+ move from that low of $0.01300 of October 5th 2007
A low float stock...30.58M
Above the 50-day MA, may be headed to break the back of the 200-day MA
We shall watch for now...