Food Innovation

[gfp927z]

Nice pop for RIBT, and strong volume :o)

No company specific news that I saw, but that article you posted (excerpt below) says that the Chinese govt is pushing for rice bran to supplement diets, so maybe that helped light a fire under the stock. With over 1.4 billion people to feed, that's a lot of rice bran :o)

The stock is closing in on the 100 MA (1.27), and next stop might be the 1.50-1.75 area, based on the chart. Then 2.00 or more seems possible if the momentum builds and continues :o)

RIBT's market cap is so small, still only ~ $7 mil, and the stock could potentially recover a ton of ground if business picks up strongly. That 3-9 area looks like a good longer term target to shoot for. 3 is the 200 MA and 9 was the June high from last year.


>>> the Chinese Communist Party says the country has reaped bountiful harvests for the past 13 years. But at the same time, it’s encouraging citizens to add something called rice bran into their diets. The fiber is usually reserved for livestock feed and fuel-making, and was only consumed widely by Chinese people some 60 years ago, during the Great Famine. <<<



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