Shares of Argan, Inc. (AGX) are gaining 6 percent in Friday morning trading, likely due to the company's announcement yesterday about its first-quarter financial results, reporting earnings of $46.06 million, or $3.24 per share, up from last year's $22.55 million, or $1.60 per share.
The company's shares are currently trading at $734.29 on the New York Stock Exchange, up 6.51 percent or $44.86. The stock opened at $697.68 and has climbed as high as $778.13 so far in today's session. Over the past year, it has traded in a range of $193.82 to $778.13.
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