STEV | Big Bounce Off YTD Low On Stevia Corp. Penny Stock

STEV Stock, Stevia Corp.September trading for the oldest stevia focused company, Stevia Corp. (OTC:STEV) with a big bounce off its year-to-date low to start the month. With the news a month ago of their $500,000 private placement financing, STEV stock continued its year long slide until today when the penny shares flourished to start the month gaining 39.29% intraday and closing just one cent off the HOD. With a 50 and 200 day moving average of .60 and 1.01 respectively, can the all natural sweetener farmer continue to cultivate gains for traders?

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STEV, STEV Stock, Stevia Corp.STEV Stock Chart

Market Cap: 25.29M
Close: 0.38, up 0.09 (31.03%)
Volume: 508,740
Dollar Volume: $176,182
High: 0.39
Low: 0.28
Trades: 144
Average Trade Size: 3,532
Authorized: 100,000,000
Issued and Outstanding: 66,555,635

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Friday, STEV shares hit a record low for the once hard mailer promoted penny stock when they touched 0.26. Since the 2.75 high they peaked at in mid-January, the stock price of farm management company had plunged -90% going into September. So with Tuesday’s bounce, is it possible that the private placement deal in August is indicative of the true value of Stevia Corp.’s current stock price?

The half million dollar financing deal Stevia signed was followed up with their 506 filing for 1,066,667 shares of common stock at 0.46875, and warrants to purchase an equal number of shares of common stock at an exercise price of 0.6405 with a term of 5 years. At 0.46875, STEV stock would still have a 23.36% built-in gain from its Tuesday closing price.

About STEV Stock

Stevia Corp. is a farm management company focused on best practice agronomic competency in order to deliver high-value stevia through proprietary plant breeding, excellent agricultural methodologies and innovative post-harvest techniques. To date, the Company has acquired two grower supply contracts and three nursery fields in Vietnam.

Bottom Line: STEV and the other stevia focused penny stocks like STVF and STNT took a beating this year due to blatant pump and dumps. That said, one other promotion to keep a close eye on is that of Global Stevia Corp. (GSTV).

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