Taronis Technologies TRNX Stock News

Taronis Technologies Inc (NASDAQ: TRNX) is making a run for the top in the market this morning, with the stock trading on gains of more than 20% early on. The gains come for good reason.

Yesterday, TRNX said that investors on record as of August 15, 2019, would be entitled to shares of Taronis Fuels upon the spinoff of the company. So, investors are piling in, in an attempt to get their hands on the free shares. Nonetheless, that’s not the only reason to be excited about the stock. Here’s what’s happening:

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Here’s The Deal With TRNX Stock

As mentioned above, yesterday, Taronis Technologies said that investors on record as of August 15, 2019 who hold their shares through the close of the Taronis Fuels spin off, will receive shares of Taronis Fuels on a one for one basis.

Considering that the deadline is just two days away, it’s not surprising to see that investors are piling in, looking to get their hands on the free shares. So, what’s so exciting about Taronis Fuels? Everything!

Taronis Fuels is the driver of much of the revenue growth that we’ve seen from TRNX as of late. In fact, record production of MagneGas led to record sales in the most recent quarter. This production is only likely to expand considering that it was achieved with one gasification unit. The company brought a second unit online in July with a third intended to come online in September. So, production growth is likely to continue.

Moreover, Taronis Fuels recently signed a $165 million agreement. And announced a partnership to bring Venturi Plasma Arc Gasification Units to South America.

The bottom line is that Taronis Fuels is at a pivotal time, and everything seems to be going well!

TRNX Isn’t One To Forget About

Considering everything above, you may want to wait until the spin off, get your shares of Taronis Fuels, and offload your TRNX shares. Well, that may be a big mistake.

Taronis Technologies is likely to focus on its water-based technologies moving forward, and there has been great recent news surrounding this side of the business as well.

One of the recent announcements from this arm of the company surrounded the successful treatment of a lake in Clearwater, Florida. The lake was experiencing high levels of cyanobacteria during a blue green algae blue. However, the company’s technology proved to significant reduce the level of cyanobacteria in the water.

This is a bid deal. The truth of the matter is that blue green algae blooms have a profound affect on the southern United States’ waters and municipalities are willing to pay to combat it. So, this successful first commercialization of the technology is likely to open the door to a flood of business ahead.

The company also recently announced that its Water Pilot subsidiary entered into an MOU with a large Holiday Inn Franchisee. This deal has the potential to bring in millions in revenue.

The Bottom Line

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The bottom line here is a simple one. Getting in on TRNX before the cutoff will not only give you free shares of a booming company, it will give you an entrance on the ground floor of a leading edge water treatment and management company. All in all, this is a compelling investment opportunity to consider.

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3 COMMENTS

    • Honestly, I think $2 is a stretch in the short term. The stock has potential, but not 100%+ in the short term in my view.

  1. I had a few shares when they changed from MangeGas to Trnx.. made a PRETTY penny off that.. now that they’re gonna give 1:1 of their spin-off, took my 10 shares @ .45 and bought another 11 shares! Made 4.00 between yesterday and today! I dont expect the stock to surge back up into the 7K mark it had within last 5 years.. but, the fact the technology cleared most of the blue*green algae bloom in a Clearwater FL lake has me staying for the long haul!

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