Low float stocks are usually those that have a limited number of tradable shares. This makes them interesting potential opportunities to some investors, particularly low float NASDAQ stocks, because they have the advantage of a low float and prestigious exchange.
A stock with a low float is more volatile compared to large float stocks, and they can easily make significant upside moves if there is a positive trigger.
PLIN stock could be one of the low float nasdaq stocks to watch right now.
China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) has 22.09 million shares outstanding and a float of 8.74 million shares. The stock gained over 200% in March, bouncing from its 52 wk low of 1.11 to almost 4.00 within a few days.
The company recently announced that through its primary operating subsidiary Chongqing Penglin Food Co., Ltd, it has entered into a joint venture framework agreement (the “Agreement”) with Chongqing Fengjie County Rural Ecological Agriculture Development Co., Ltd. ( “FEA”), a private enterprise specializing in hog breeding business.
300% Supermarket Sales Growth Amidst the 2019 Novel Coronavirus Outbreak
Earlier this year, China Xiangtai announced that its supermarket sales growth of 300% during Chinese New Year 2020 compared to the same period of last year despite of the ongoing 2019 Novel Coronavirus.
Tuesday, Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced that it has released a new research update on China Xiangtai Food Co., Ltd., (PLIN) https://finance.yahoo.com/news/goldman-small-cap-research-issues-114500626.html
Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd (NASDAQ: PLIN) is a food company primarily engaged in pork processing. The Company’s operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.