Utilities - Friday, December 18, 2009 15:27 - 0 Comments

GreenHunter Energy, Inc. GRH Shares Up 7.47% in Morning Session

GreenHunter Energy, Inc., a refiner and producer of EN and ASTM quality biodiesel that is a wholly-owned subsidiary of GreenHunter Energy, Inc. recently announced the execution of a definitive Amendment to its existing Credit Agreement with WestLB AG (the “Lender”) in the current principal amounts of $28.6 million and $9.0 million, the Company’s term loan and working capital line of credit with the Lender, respectively. The loan facilities are secured predominantly by the Company’s existing biodiesel refinery assets located in Houston, Texas.

Last Trade: 1.24
Trade Time: 10:10am ET
Change: Up 0.09 (7.47%)
Prev Close: 1.15
Open: 1.17
Day’s Range: 1.17 – 1.36
52wk Range: 0.91 – 6.20
Volume: 23,352
Avg Vol (3m): 111,734
Market Cap: 27.33M

About GreenHunter Energy, Inc.

GreenHunter Energy, Inc., together with its subsidiaries, operates in the wind, solar, biofuels, and biomass power plants businesses. It develops wind energy projects located in Montana, New Mexico, Texas, Wyoming, and California; a biodiesel refinery located in Houston, Texas; and a biomass power plant located in El Centro, California. The company is headquartered in Grapevine, Texas.