Shares of biorefining company Green Plains Inc. (GPRE) are rising more than 13% Wednesday morning after the company said it is "initiating a comprehensive strategic review process to explore all opportunities to enhance value."
The company today reported a profit for the fourth quarter compared with loss last year.
Net income was $7.23 million, or $0.12 per share for the fourth quarter compared with loss of $38.62 million, or $0.66 per share, for the same period a year ago.
Revenue for the quarter declined to $712.39 million from $914.04 million for the same period in the prior year.
GPRE, currently at $22.77, has traded in the range of $19.44 - $37.49 in the last 1 year.
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