With the heat beginning to build up in Asia, so have been the shares of the once great penny stock of Stevia Corp. (OTC: STEV). Gaining over 180% at the intraday HOD, STEV stock has been rocking and rolling currently trading at more than 0.20 over the 50 day moving average. Since announcing details of the farm management Company’s aquaculture project in China being the first Aquaculture Insurance Policy issued in the country, are the sweet green stevia leaves any closer to returning to their 52 week high?
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STEV Stock Chart
Market Cap: 31.76M
Last: 0.3652 ▼ ▲ 0.0652 (21.73%)
Volume: 486,267
Dollar Volume: $176,326
Open: 0.2974
High: 0.41
Low: 0.2974
Trades: 143
Authorized: 100,000,000
Issued and Outstanding: 66,555,635
14-Day Rel Strength: 84.52%
14-Day Stochastic: 85.89%
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Those who traded the once hot penny stock, STEV, back in November, 2011 remember the enormous gains they were able to get when Stevia Corp. was putting up million dollar volume when it first came out. Since then, the Company has become the real deal, even booking revenues of $112,517 for the three months ended September 30, 2012.
So what’s so sweet this year about STEV?
At the end of 2012, Stevia Corp. announced the expansion of its commercialization phase and plans for the Company’s first major crop harvest, over 1,000 tons, to come from their farm management in Vietnam during Q1 of 2013. According to rough estimates of sales price and costs, the Company expects the crop will be able to produce over $2 million in revenue and its first quarterly profit.
Breaking that down for a minute, for one quarter alone, $2 million would be $8 million for the 12 months. With their new insurance coverage which protects against loss of fish by disease or natural disaster (yes, fish ponds are used extensively for producing stevia), the safe estimate could be half that, $4 million if the Company’s projections are accurate ($2 million for Q1). That would mean revenues worth .04 for each authorized share, .06 for each share currently outstanding – not so bad for the first 24 months of doing business.
With the hype fizzled from when STEV stock ran up to as high as $2.75 one year ago, this new mini rally is well formed and with reason since, as proven from last quarter, the Company has a green thumb.
About STEV Stock
Stevia Corp. is a farm management company primarily focused on stevia agronomics from plant breeding to good agricultural practices to development of stevia derived products, which can be used for human consumption as well as for aquaculture and agriculture applications. Click here to view the SEC filings for STEV.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 01/31/13 | 0.3800 | +0.0800 | +26.67% | 450,547 |
| 01/30/13 | 0.3000 | +0.0440 | +17.19% | 403,000 |
| 01/29/13 | 0.2560 | -0.0040 | -1.54% | 156,100 |
| 01/28/13 | 0.2600 | -0.0021 | -0.80% | 223,900 |
| 01/25/13 | 0.2621 | +0.0021 | +0.81% | 373,600 |
Bottom Line: STEV stock was an amazing penny stock heading into 2012 and it appears that the beginning of the year is a good “spring” time for the stevia focused Company. With the temperatures in Vietnam already into the 90 degree range, crop growth could spell profit growth for STEV investors, even at the current level its at.
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