Pacific Ethanol (PEIX) Continues Recent Run Higher

After rising 60% on Friday and 13% on Thursday, after announcing that it will resumed ethanol production at its 60 million gallon per year Magic Valley facility, Pacific Ethanol, Inc. (Nasdaq: PEIX) is up another 55% today.

Traders may also be playing the ethanol stock as the price at the pump for E-85 looks considerably favorable with rising crude and gasoline prices.

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