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January 07, 2008 | Jim Lane | Comments 0

Biofuels Digest Index holds steady at 132.88; Xethanol, Better Biodiesel jump as Aventine Renewables tumbles

The Biofuels Digest Indexâ„¢ (BDI) a basket of public biofuels stocks, closed even for the day at 132.88 on Friday as slight gains among large caps were offset by declines for mid and small cap stocks.

Among diversified agribusiness, The Andersons (ANDE) led the sector with a gain of 1.43 percent to $46.76.

Among mid caps, Pacific Ethanol (PEIX) was the sector leader, gaining 0.34 percent to close at $8.85 while Aventine Renewables (AVR) was down 5.11 percent to $12.06.

Among small caps, investor interest in Better Biodiesel (BBDS.OB) perked as its pending reverse-merger with GAT proved popular. The stock was up 35 percent to $1.89, while Xethanol (XNL) gained 18.29 percent to close at $0.97; MGP Ingredients (MSPI) lost 6.14 percent to close at $9.79.

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    Filed Under: Biofuels Digest Index (BDI)Stock & Financial Outlook

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