What’s Bevo Agro Inc Downside After Today’s Huge Decline?


The stock of Bevo Agro Inc (CVE:BVO) is a huge mover today! The stock decreased 5.88% or $0.04 on September 13, hitting $0.64. About 19,000 shares traded hands or 230.15% up from the average. Bevo Agro Inc (CVE:BVO) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $16.60 million company. It was reported on Sep, 13 by Barchart.com. We have $0.56 PT which if reached, will make CVE:BVO worth $1.99 million less.

Bevo Agro Inc. is a Canada-based company, which is engaged in the propagation and production of greenhouse products. The company has a market cap of $16.60 million. The Firm operates approximately 45 acres of propagation greenhouse facilities on over 98 acres of land in Milner, British Columbia and approximately 20 acres of land in Pitt Meadows, British Columbia. It has a 8.89 P/E ratio. The Firm offers products, such as greenhouse food crops, field food crops and bedding plant crops.

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