Ag Goddess Smiles Favorably on Ceres, Investors Frown: Filed under: Energy News
Recently, in compiling our lists of remarkable small-cap stock trades, I was surprised to find the shares of Ceres, Inc. (CERE : Nasdaq) among stocks setting new 52-week lows. Ceres has only been trading since its initial public offering in February 2012, when the company sold 5.0 million shares at $13.00 per share. After a brief trade higher in the early spring, Ceres shares have been steadily losing ground, finally setting an all-time low of $6.02 last week. Named after the Greek Goddess of Agriculture, Ceres is a self-styled energy crop producer. Ceres has developed proprietary seeds for sweet sorghum and switchgrass to be used as feedstock for ethanol production. Ceres seeds are genetically modified to produce crops that require less water and fertilizer and are tolerant of higher salt levels in soil. Higher yields and consistent availability lead to improved economics...
Full article:
http://www.altenergystocks.com/archives/2012/09/ag_goddes...