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GRANITE FALLS ENERGY, LLC

(GFGY)
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GRANITE FALLS ENERGY, LLC : Other Events (form 8-K)

04/09/2020 | 10:03am EST

ITEM 8.01 - OTHER EVENTS

On April 6, 2020, Company management determined that it is in the best interest of the Company to extend the regularly scheduled annual temporary shutdown of the Company's ethanol production operations, which commenced on or about April 3, 2020, until April 17, 2020. The Company utilizes the regularly scheduled annual temporary shutdown period to perform maintenance and other operational improvements, and, in observance of the Centers for Disease Control and Prevention's social distancing guidelines, the Company is staggering the presence of contractors on its premises. Additionally, the Company is considering whether an additional period of idle after April 17, 2020 is appropriate, due to market risks and uncertainties related to the COVID-19 pandemic and its ramifications. The Company will continue to consider the information available to it and will provide additional disclosure in the event that the Company chooses to extend the idle period.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 165 M - -
Net income 2020 -13,3 M - -
Net Debt 2020 26,8 M - -
P/E ratio 2020 -4,15x
Yield 2020 -
Capitalization 36,7 M 36,7 M -
EV / Sales 2019 0,27x
EV / Sales 2020 0,50x
Nbr of Employees -
Free-Float 65,4%
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Managers and Directors
Jeffrey N. Oestmann Chief Executive Officer
Stacie Schuler Chief Financial Officer & Controller
Paul Enstad Chairman-Governors Board
Robin Spaude Member-Governors Board
Rodney R. Wilkison Vice Chairman-Governors Board
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