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Big Gainer; BioFuel Energy Corp. (BIOF)

By Warren Paige

Shares of BioFuel Energy Corp. (NASDAQ: BIOF), producer and seller of ethanol and its co-products, saw a huge rally in trading today.

BIOF shares ended the day 40.63% higher at $3.15 on above average volume of 378,339. The stock touched an intra-day high of $3.85 today.

BioFuel Energy last month announced collaboration with Gevo Inc. to pursue large-scale isobutanol production. Gevo and BIOF have already signed a development agreement earlier this year. The two companies plan to continue working to develop large-scale production of isobutanol at an existing or future BioFuel plant.

Scott Pearce, CEO of BioFuel, last month said that BIOF’s philosophy has always been to actively explore emerging biofuel technologies, particularly those with the potential to transform the industry. Pearce said that BIOF believes that collaborating with Gevo makes a lot of sense as a potential avenue to becoming a leader in second-generation biofuels.

 

July 25th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.