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BioFuel Energy Comments on Recent Stock Trading Activity; Not Aware of Any Recent Developments

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BioFuel Energy (NASDAQ: BIOF) announced today that, other than the matters disclosed in its third quarter financial results and management's fourth quarter outlook, the Company is not aware of any specific developments to which the recent sharp increase in its stock trading volume would be attributable. As previously reported, the Company had net income of $2.5 million, or $0.02 per diluted share, for the third quarter of 2011.

"Commodity margins have continued to strengthen and we continue to see the benefits from our plant improvement projects," said Scott H. Pearce, the Company's President and Chief Executive Officer. "As a result, our current expectations are that the results for the fourth quarter of 2011 will now be even stronger than what we reported for the third quarter."

Posted-In: News

 

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