Gevo GEVO shares are trading higher on Friday after Peak Value IP completed its valuation of the intellectual property of the company and valued it at $412 million.
Gevo is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment.
Gevo's stock traded up 25.69% at $1.37 per share at the time of publication on Friday. The stock has a 52-week high of $3.60 and a 52-week low of 46 cents.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
