Why MagneGas (MNGA) Is Climbing on Wednesday

NEW YORK (TheStreet) -- MagneGas ( MNGA) is spiking on Wednesday after filing a new patent for binding its proprietary alternative gas to hydrocarbon fuels. The patent will protect new methods for binding MagneGas to coal, oils, gasoline and diesel.

In a statement, the company said it believes binding MagneGas to hydrocarbon fuels will "improve fuel combustion efficiency resulting in reduced emissions."

By midmorning, shares had gained 10.3% to $1.71.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

MNGA ChartMNGA data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

MangeGas (MNGA) Stock Gains on New Distribution Agreement

MagneGas (MNGA) Stock Shedding Some Gains on Heavy Volume

MagneGas (MNGA) Stock Jumps After U.S. Navy Order

MagneGas (MNGA) Stock Jumps After Fuel Order

4 Stocks Under $10 to Trade for Big Breakouts