When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
REX - Pacific Ethanol's Share Price Continues To Be Held Back By Low Asset Prices
REX American Resources Corporation
U.S. ethanol producer Pacific Ethanol (PEIX) received good news two weeks ago when it successfully extended the deadline on a credit agreement for at least the third time this year. The extension of the credit agreement, which is linked to one of the company's Midwestern corn ethanol facilities, was announced just hours before it was due to expire. The news only temporarily halted the decline of Pacific Ethanol's share price, however, and it has fallen by 13% over the last month, bringing its total YTD loss to 43% in the process (see figure).