pacific ethanol stock

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Pacific Ethanol Stock

Pacific Ethanol, Inc. is a leading producer and marketer of renewable fuels in the United States. Ethanol production plants are located in California, Oregon, and Idaho. Pacific Ethanol also provides services to integrated oil companies with transportation, storage, and ethanol delivery through service providers in the states of California, Nevada, Arizona, Oregon, Idaho, and Washington.

Pacific Ethanol trades under the ticker symbol “PEIXD” on the NASDAQ Capital Market. Pacific Ethanol stocks can be purchased through any registered stock broker/dealer, and the company is not engaged in a direct stock purchase plan. In June 2011, there were 19.3 million shares of stock issued and outstanding. The fiscal year ends on December 31. American Stock Transfer & Trust Company is Pacific Ethanol’s stock transfer agent.

In early June 2011, NASDAQ warned that if the shares continued to trade below $1, the company could be delisted from NASDAQ. The shares began trading higher soon after due to a reverse stock split that somewhat boosted its price and maintained a closing price of a minimum of $1 for 10 consecutive days, securing its listing on the NASDAQ market.

A week after enactment of a one-for-seven reverse stock split that raised the stock prices to above $1, the company was increasing its credit facility of Kinergy Marketing LLC with Wells Fargo Capital Finance LLC. Credit was raised from $20 million to $30 million, with the credit maturity date remaining December 31, 2013.

Pacific Ethanol Inc’s stock price is $1.10 in the first week of July 2011. A good time to buy stocks is when the major stock indexes are showing an upward trend. Your purchases should be targeted towards firms showing strong earnings and sales in recent quarters. It is a good idea to focus on higher priced stocks. Mutual funds and large investors will seldom look at stocks that are priced below $10.