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Stock Alert: Pacific Ethanol Hits New High

Shares of ethanol producer Pacific Ethanol, Inc. (PEIX) are rising more than 14% Friday morning and touched a new high at $7.13.

There are no company-specific news to move the stock up.

Pacific Ethanol stock has grown nearly 7-fold in the last couple of months, thanks to Covid-19, as demand for ethanol to use in sanitizers has shot up.

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