Home Trending Stocks What Has Made RiceBran (RIBT) Stock Increase 15% In Premarket Trades?

What Has Made RiceBran (RIBT) Stock Increase 15% In Premarket Trades?

RiceBran Technologies (NASDAQ: RIBT) shares were up 15.05% in the premarket session to trade at $1.07 at the last check. On Monday, RiceBran stock closed at $0.93, gaining 1.42%. A total of 0.27 million shares were changed in RIBT stock which was lower than the 50-days average daily volume of 0.6 million shares. The RIBT stock has been on an uptick due to anticipation of better results to be announced tomorrow.

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When the results are scheduled?

RiceBran Technologies, a global leader in product development and packaging, is also a producer of rice, rice co-products, barley, and oat products. RIBT products are targeted at food, animal nutrition, supplement, specialty foods, and functional food manufacturers and retailers, among many others. RIBT is one of the world’s most underutilized food sources, and RIBT’s highly nutritious, clean label ingredient products are produced utilizing its proprietary stabilization technology.

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RiceBran announced that it will host a conference call at 4:30 p.m. EST on Wednesday, April 28th. A RIBT spokesperson said that Executive Chairman Peter Bradley and Chief Financial Officer Todd Mitchell will discuss financial results for the first quarter of 2021 ended on March 31.

Stock Performance:

Over the next 12 months, the price of RiceBran (RIBT) stock has fallen by -21.19%, and it has gained 6.65 percent in the last week. Over the past three months, the RIBT stock has added 4.84%, while over the past six months, it has gained 42.64%. Moreover, the current market value of the company is $39.96 million, while the number of outstanding RIBT shares is 43.69 million.

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