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UPDATE: Alter NRG Sheds Another 7%

Alter NRG Corp. (NRG.TO) continues to slide, shedding close to 7% this morning. More than 1.1 million shares have been traded. The shares are now trading at 70 cents, below yesterday's low of 71 cents and yesterday's close of 75 cents.

Alter NRG, which pursues alternative energy solutions, announced yesterday that it had been notified that a proposed agreement would be finalized by mid-December for Alter to be the selected provider for the engineering, fabrication and construction of a plasma gasifier for installation at the proposed Tees Valley Renewable Energy Facility in Northeast England.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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