What we know about Gevo’s stock run-up, trading volume surge and the rumors
We’re receiving a heavy flow of queries regarding Gevo in the mailbox. Here’s what we know:
Informed industry sources say there have been “substantial layoffs” at the company’s corporate offices in Colorado — which is to say, some key industry people are on the job hunt.
Our usual contacts at Gevo are in a “neither confirm nor deny” mode. A 15% jump in the company’s stock last week may well be tied to expectations that the company has bought itself some more runway — although share prices settled back the past two days of trading.
Stock trading volumes have been unusually high this past week — with around 4 million shares trading some days — that’s 5X normal. We’ll keep you posted as official news comes out of Fortress Isobutanol.
Category: Fuels