Just a thought. They are going to make less profit out of the seed division than they thought they would this reporting period. ( causing the share price to plunge. However they did spend a substantial amount of money building their processing plants. Hence the extra dept. Now the processing plants are complete. The processing over the next 12 months wil be a lot cheaper. Hence there will be more profit to be made. Just because this reporting period had a setback. Doesn’t mean the future of the Omega 3 division won’t skyrocket over the coming years. Especially with the full approval of the usage of the Omega 3 seeds in Canada.
Just to say at the current price. It is way oversold.
NUF Price at posting:
$2.47 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)