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REX - The Share Prices Of REX American Resources And Pacific Ethanol Continue To Diverge
REX American Resources Corporation
The share price of U.S. ethanol producer REX American Resources (REX) has continued to rally in recent weeks, bringing its total gains since early September above 10% (see figure). The share price of its peer Pacific Ethanol (PEIX), by contrast, has fallen by almost a quarter over the same period. The continued divergence in the share prices of the two companies, which I most recently highlighted on September 6, does much to illustrate the conditions that are affecting the broader U.S. ethanol sector as 2019 draws to a close.