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Verde Agritech Ltd T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Comment by PedroPistacioon May 27, 2022 9:02am
251 Views
Post# 34711573

RE:RE:Have you noitced?

RE:RE:Have you noitced?I was wondering who the sellers are at the moment. There will always be traders, plus people recycling strong gains here into blown out valuations somewhere else. The share price is also trading close to the peaks back in 2011 (a closing price of $10.77 on 20th April 2011) and so from a technical perspective there is perhaps a resistance point yet to be broken and some stale bulls getting out. But it was also interesting in the presentation when CV talked about in-house selling to fund option purchases. Can someone cleverer than me tell me what sort of volume of shares will have had to be sold in the market to fund these recent options? I assume this information is eventually released within an RNS  but I have not seen anything recently but would like to have a sense as to how much this hasbeen of the market and whether this source of selling has a deadline to end? 
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