Rochester, NY -- (SBWIRE) -- 12/18/2013 -- Methes Energies International Ltd. “Methes” (NASDAQ:MEIL) a renewable energy company that offers an array of products and services to biodiesel fuel producers, announced impressive production results for its fourth quarter ended November 30, 2013.
November alone was the highest production month in gallons in Methes (NASDAQ:MEIL) history, surpassing September and October by more than 60,000 gallons for each month. Methes biodiesel production for their fiscal fourth quarter was higher than the company’s production in all of MEIH’s fiscal 2012. These record setting results have Methes anticipating record revenues for the fourth quarter.
The company says they are “finalizing” their numbers and they will be released in an upcoming 10k.
Methes stock has reacted favorably Tuesday morning. The stock reached a high of $5.50 per share representing a 119% price increase. The stock has been able to hold half of its gains trading up about 60% at this point.
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