Shares in the penny stock of Stevia First Corp. (OTCBB: STVF) closed above $2 at $2.20, up 0.17 (8.37%) in the last trading session on volume of 1.35 million. STVF, one of the penny stock picks we broke here at AimHighProfits when the stock was trading at just $0.85, is up 158.82%.
Stevia First is an early-stage agribusiness based in California’s Central Valley growing region focused on the industrial scale production of stevia, the all-natural zero-calorie sweetener.
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STVF announced today the company’s plans to attend the “Stevia 2012” conference and workshops, April 12-13, 2012 in London, England. This will be the first time the company has “rubbed elbows” with other industry players since becoming a publicly trading company.
STVF Stock Snap Shot:
Yesterday High: 2.26
Last Trade: 78,500 Shares
Market Cap: 113.19M
(Mar 29, 2012): 3.28
Avg Vol (3 month): 3,792,580
Avg Vol (10 day): 2,040,200
Shares Outstanding: 51.45M
The focus of the London Conferrence, Stevia 2012, will be analyses and forecasts of events since the recent European Regulatory Approval of stevia for use in the European food and beverage arena. Stevia First management is aiming to probe current strategies and opportunities that are newly available with the increase in the global stevia sector and the latest methods targeting market share optimization.
STVF CEO Robert Brooke said they are looking forward to meeting with their European colleagues at this important event. They are all participating in a truly once-in-a-lifetime opportunity as the development of a whole new range of products in the reduced sugar food and beverage sector takes off. Stevia is a compelling product at a time of increased consumer interest in healthier, natural ingredients. The company plans to stay ahead of the curve in California and continue to seek innovative solutions for seed and plant propagation, growth, and harvesting methods that Stevia First intends to turn into value for the growing STVF shareholder community.
Bottom Line: Look for the penny stock to continue to plow through the $2 level and return back to the $3 level that STVF held one month ago. STVF has no revenues to date and has yet to produce one stevia plant. With that said, Stevia Corp (STEV) was in the same position as STVF 6 months ago and with their development in Vietnam have produced their first plant and are another penny stock to consider in this growing sector.