The signing of new deals almost always brings considerable attention to any company and its stock. Hence, it would not be a surprise if the Mogul Energy International Inc. (OTCMARKETS: MGUY) stock comes onto the radars of investors in a big way this morning after it emerged yesterday that one of its business divisions had signed a key new deal.
The Announcement
Machine learning and artificial intelligence applications innovator NextNRG Inc. announced that EzFill, its fueling division, had signed a deal with a Mogul Energy International business division named Florida Beauty. It was a significant new development and one that could prove to be a pivotal one for both companies in the long run. In the news release, it was noted that the strategic collaboration was an indication of the fact that NextNRG was working on rapidly expanding its footprint in the fleet fueling services space.
Further Information
It was also noted that Florida Beauty was one of the biggest floral logistics companies in the United States and played a major role in the transportation of freshly cut flowers. It was also involved in the transportation of other perishable items and remained a major part of Mogul Energy International.
Key Quote
“As one of the nation’s largest transporters of fresh-cut flowers arriving from South America to Miami, and with over 40 years of experience in nationwide floral logistics, we take great pride in streamlining our operations,” said Ronen Koubi, CEO of Mogul Energy International, Inc. “Florida Beauty spends approximately $12 million annually refueling its massive fleet. With NextNRG, we can significantly improve efficiency by having fuel delivered directly to us, saving time and labor costs while reducing operational disruptions. Additionally, we look forward to continuing discussions with NextNRG about the electrification of our fleet and the deployment of a smart microgrid and wireless charging solutions at our headquarters.”
Fundamentals
| P/E Ratio | -0.3400 |
| PEG Ratio | -0.01 |
| Price to Book | -0.25 |
| Price to Cash Flow | 3.76731 |
| Price to Free Cash Flow | 3.77526 |
| Total Sales (TTM) | 50.73 M |
| Revenue per Share (TTM) | 0.10 |
| Shares Outstanding | 508.547 M |
| Share Float (%) | 490.28 M (96.41%) |
