Vertex Energy Rises Another 55%
28 Mayo 2021 - 1:13PM
Noticias Dow Jones
By Josh Beckerman
Vertex Energy Inc. shares were recently up 55% at $6.19 after
more than doubling on Thursday following Wednesday's announcement
of a $75 million deal to buy an Alabama refinery from Royal Dutch
Shell PLC.
Vertex said the Mobile refinery purchase will be its "largest,
most significant transaction ever," positioning it to be "a leading
regional supplier of both renewable and conventional products."
Shares closed at $1.78 Wednesday.
On Friday, HC Wainwright increased its Vertex price target to
$25 from $4.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 28, 2021 14:03 ET (18:03 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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