Aemetis Inc
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Energy : Oil, Gas & Consumable Fuels | Small Cap ValueCompany profile

Aemetis, Inc. is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products by conversion of first-generation ethanol and biodiesel plants into biorefineries. Its segments include North America and India. The North America segment includes the Company's approximately 60 million gallon per year capacity ethanol manufacturing plant in Keyes, California and its technology lab in College Park, Maryland. The India segment includes the Company's over 50 million gallon per year capacity biodiesel manufacturing plant in Kakinada, the administrative offices in Hyderabad, India, and the holding companies in Nevada and Mauritius. The Keyes plant produces denatured ethanol, Wet Distillers Grains, corn oil and Condensed Distillers Solubles. It produces biodiesel and refined glycerin at the Kakinada plant.

Closing Price
$1.03
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
16,364
0

Bank stocks take a broad beating as 10-year yield hits 3-year low

11:54 am ET September 3, 2019 (MarketWatch)
Print

Bank stocks took a broad beating Tuesday, as the tumble in 10-year Treasury yields (http://www.marketwatch.com/story/treasury-yields-slide-lower-as-brexit-worries-spur-demand-for-bonds-2019-09-03) to a fresh three-year low following disappointing manufacturing data (http://www.marketwatch.com/story/ism-manufacturing-index-falls-below-50-indicating-contraction-in-activity-2019-09-03) cast a pall on the financial sector. The SPDR S&P Bank ETF (KBE) slid 2.1% with 87 of 90 equity components losing ground, while the SPDR S&P Regional Bank ETF (KRE) shed 2.3% with all 122 components falling. Meanwhile, the SPDR Financial Select Sector ETF (XLF) dropped 1.3% with 58 of 68 components declining, but 7 of the gainers were insurance companies, 2 were trading platforms and 1 was a credit rating agency. Of the more-active banks, shares of Bank of America Corp. (BAC) dropped 2.6%, Citigroup Inc. (C) gave up 2.0%, Wells Fargo & Co. (WFC) lost 1.3%, J.P Morgan Chase & Co. (JPM) declined 1.5%, Huntington Bancshares Inc. (HBAN) fell 2.9% and Regions Financial Corp. (RF) dropped 2.7%. The 10-year Treasury yield declined 6.7 basis points to 1.439%, the lowest yield seen since July 2016. Lower longer-term yields can pressure bank profits, as it narrows the spread banks earn by usual practice of funding longer-term assets, such as loans, with shorter-term liabilities. The bank ETF (KBE) has now shed 18.9% over the past 12 months, while the 10-year yield has been cut in half and the Dow Jones Industrial Average has edged up 0.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 03, 2019 11:54 ET (15:54 GMT)

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