Pacific Ethanol Inc (PEIX)

Pacific Ethanol Inc (PEIX) :  major mover with a previous close of .89/shr and moving to 1.425/shr on large volume, the ave trading volume of 651k shrs/day was massively eclipsed when the issue traded 15.1m shrs on friday. This issue has bounced several times in the past 12 months, a great one to follow. Watch for a rebound off of the large gain on friday.

BURLEY, Idaho (AP) -- A southern Idaho ethanol plant has resumed production after being shuttered for nearly a year.

Pacific Ethanol Inc. announced Wednesday that its plant in Burley is up and running again. The plant ceased operations in February 2009 amid falling corn prices and sharp market declines.

In May 2009, a subsidiary of the Sacramento Calif.-based company called Pacific Ethanol Holding Co. that runs the plant in Burley filed for federal bankruptcy protection and is still working through that process.

Company officials say they intend to hire at least 35 employees for a plant designed to produce up to 60 million gallons of ethanol per year.