Boston, MA 05/22/2013 (wallstreetpr) – The share prices of Biofuel Energy Corp. (NASDAQ:BIOF) had closed at $4.59 per share for the trading session which was 10.34 percent increase over the previous day’s closing price. During the day, the company’s shares had an intraday low price of $4.10 per share and an intraday high price of $4.90 per share.
First Quarter Results, 2013
The first quarter results of fiscal year 2013 for the Biofuel Energy Corp. (NASDAQ:BIOF) had been recently released. The ethanol production company had reported a net loss of $5.3 million over total revenues of $89 million. On the other hand, the net loss attributable to the shareholders was observed to be $4.6 million which gets translated into $0.87 loss per share. This net loss attributable to shareholders was observed to be less than $9.4 million or $1.83 per share loss of the same quarter for previous year 2012.
Biofuel Energy Corp. (NASDAQ:BIOF) is involved in the production and selling of ethanol and its co products such as distillers grain and corn oil. The company manages two ethanol production facilities which are located at Wood River, Nebraska and Fairmont, Minnesota. The ownership and operation of the two ethanol production facilities are vested with the subsidiary, Biofuel Energy LLC. The sole and major supplier of 41 million bushels of corn per year for the company’s production facilities is the Cargill Inc.
The total market capitalization of the company is $28.82 million and the average trading volume is 48,711 shares per day. Biofuel Energy Corp. (NASDAQ:BIOF) had floated 6.28 million shares to common stockholders and the institutional holding amounts to 44 percent of ownership in the company.
