American Power Group Corporation (OTCMKTS:APGI) Stock Sees Profit Booking After Recent Gains

It was a momentous day for American Power Group Corporation (OTCMKTS:APGI) on Wednesday as the company announced that it had inked a collaborative Dealer-Installer agreement with Nat G CNG Solutions LLC. As per the provisions of the agreement, Nat G CNG Solutions would be responsible for marketing and servicing the next generation V6000 Dual Fuel low carbon engine conversion solutions from American Power Group.

Trading Data

On Wednesday, APGI stock fell 9% to $0.0455 with more than 20.30K shares, compared to its average volume of 22.75K shares. The stock moved within a range of $0.0400 – 0.0500 after opening trade at $0.0500.

American Power Group Signs Class 8 Dual Fuel Marketing Agreement with Nat G(R) CNG Solutions, LLC

The marketing and servicing would be restricted to the existing heavy duty class 8 trucks. In this context, could be a good idea for investors to perhaps take a closer look into Nat G as a company.

It is based out of Houston, Texas and is regarded as a major provider of alternative fuel systems which serve both private and public fleet operators. It offers these services to a wide range of vehicle sizes starting from the light duty carpool vehicles to Class 8 tractors. The company mainly services the areas of Texas, Louisiana, Oklahoma and New Mexico. Chuck Coppa, who is Chief Executive Officer and Chief Financial Officer of American Power Group stated that he looked forward to working with Nat G to advance the adoption of the company’s product in a major alternative fuel market in the United States.