Stevia Corp.’s (STEV) Penny Stock A Nickel Above YTD Low

Shares in the farm management company, Stevia Corp. (STEV), have been a major let down since the penny stock ran in the beginning of 2012. STEV stock price has dropped from $2.75 in January to as low as 0.75 last month. With a second half strategy on how to get investors fired up about the fastest growing product in the alternative sweetener sector, the Company decided to offer some key insights. To sum up the press release into just five words: We’re going to plant seeds.

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STEV Stock Chart

Market Cap: 49.06M
52-Week High
(Jan 17, 2012): 2.75
52-Week Low
(Jun 14, 2012): 0.75

Avg Vol (3 month): 197,212
Avg Vol (10 day): 85,950
Shares Outstanding: 61.33M
Float: 46.33M

The Company is apparently getting ready to enter into a joint venture relationship with its technology partner, Tech-New Bio-Technology and their affiliates. Tech-New specializes in ecological fertilizers, microbiological preparations and management systems for the agriculture and aquaculture industry. Tech-New also owns and operates extraction and refinement technologies specifically designed to introduce high purity stevia extract formulations in feed and fertilizer applications. In spanish they say this in one word: Mañana.

Stevia Corp. did file their 10-K on Friday and actually reported revenues of $1,300. Other than that, Farm expenses were $531,246 and Farm management services through a related party were $180,000. With Cash on hand of $15,698, the only way to survive is to sell more stock or issue unregistered shares to secure future notes.

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.

To view the SEC filings for STEV, click here.

Bottom Line: All of the OTC listed Stevia penny stocks are strictly for day trading unless one of the newer ones (see here) can show three consecutive days of gains. With STEV having run from 0.56 to 2.75 in 2 months, PPS performance is the number one attention grabber for investors, not updates about your seeds and cow manure. Get ‘Er Done.

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