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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 Benedictuson Mar 19, 2023 11:39pm
276 Views
Post# 35348177

RE:RE:Verde AgriTech

RE:RE:Verde AgriTech Tough to say, technically lateral support in the mid 4's should prove tempting to buyers but the weekly chart does look very weak with RS and MFI appearing to be headed to reset levels. The P&F chart shows a triangle waiting for resolution. If 4.50 CAD breaks then the bear triangle move is in play and shorts will be added while weak hands could throw in the towel leading to a probable quick move down to your lower levels of $3.50 or $3 being hit. Plus there's that vexing gap right below 3. Q4 results and 23 guidance will surely drive the next move but on the whole, the chart has turned really ugly.
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