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BioAmber Inc. BIOAQ

Chemicals Basic Materials
BioAmber Inc is an industrial biotechnology company producing renewable chemicals. The company's proprietary technology platform combines industrial biotechnology and chemical catalysis to convert bio-based feedstocks into renewable chemicals that are cost-competitive replacements for petroleum-derived chemicals used in a wide variety of everyday products including plastics, resins, paints, food additives and personal care products. BioAmber produces bio-succinic acid at a facility in Sarnia, On


OTCPK:BIOAQ - Post by User

BioAmber Inc. > An honest take
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Comment by TREEguy101on Feb 13, 2018 12:14pm
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Post# 27551270

RE:RE:An honest take

RE:RE:An honest take

I spent the weekend researching. BioAmber is near where I live and I have met a few execs (not enough to make an informed opinion about them, but a few) at various chemical conferences I go to. 

My technicals put a price target on this of $0.11 - $0.01 for the next ~90 days, lots of bearish sentiment. 

I am waiting for new information before investing. If their utilisation rate doesn't improve this quarter then I would expect the stock to continue trending downward.

 

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