Pacific Ethanol reports 490% revenue jump in Q3

In California, Pacific Ethanol has reported a strong third quarter, with more than $272 million in revenue and a 490% increase from third quarter 2010. With the release of the report, investor interest has skyrocketed and an increase in trade volume has raised the share price to $0.69, the price it was trading at before the August crash. Indeed, the stock’s allure has recently attracted insiders like CEO Neil Koehler, CFO Bryon McGregor, and Director Michael Kandris, perhaps indicating a promising 4th quarter as well.