Vertex Energy (VTNR) Stock Plunges 12%: The Net Loss Is $16 Million?

In a month the stock has changed and sunk. In mid-July, the stock price has declined from $10.60 to $7.93. Despite this, on July 21, it temporarily boomed to $9.46 and dropped to $8.07. Since then the worth has fluctuated between $8.07 and $9.11. And today the price is $9.11.
Houston-based Vertex Energy is a forte purifier of elective feedstocks and marketer of top-notch refined items. Vertex is perhaps the biggest processor of utilized engine oil in the U.S., with activities situated in Houston and Port Arthur (TX), Marrero (LA), and Heartland (OH). Today it declared its monetary outcomes for the second quarter finished June 30, 2021.

For the three months finished June 30, 2021, the Company announced an overall loss of $16.0 million, versus an overall loss of $8.9 million in the second quarter of 2020. Vertex Energy created pay from operations of $1.6 million in the subsequent quarter of 2021, versus a lesion from operations of $8.6 million in the earlier year time frame.

Robert McDowney

Author

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