RiceBran Technologies (RIBT) Stock Extends Rally: Will it Hit New Highs

The RiceBran Technologies (NASDAQ:RIBT) stock has gone on a strong upward move this morning and managed to record gains of 9%. The latest gains made by the stock have taken its gains over the past two weeks to 62%.

There has been no recent news that might have triggered the rally this morning but it should be noted that it is a small company with a market cap of only $60 million and such moves are not uncommon in such stocks.

However, it should be noted that RiceBran is going to announce its financial results today. Hence, the rally might have been triggered by a sense of anticipation from investors.

The company is also going to host a conference call at 4:30 p.m. Eastern time later on today. At this point, the rally in the stock appears entirely speculative in nature. Investors could do well to wait a bit before making any decision.

Uson Abdilazhanov

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.


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