Biofuels Digest Index drops to 61.51 on PEIX, GEVO slide

June 29, 2012 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 1.61 percent to 61.51 as two capital raise announcements dragged on prices.  For the day, Gevo (GEVO) plunged another 27.21 percent to $4.95 on plans to raise $100 million, while Pacific Ethanol (PEIX) sank 33.96 percent on plans to raise capital through a secondary offer.  Among other equities, Ceres (CERE) slumped 10.13 percent to $8.52.  Overall, advances led declines 7 to 6 for the day.

Category: Digest Index

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