Blue Star Foods more than triples; social media takes notice
21/01/2022 15:23
** Shares of seafood firm Blue Star Foods BSFC.O jump as
much as 258% to $6.80, over 2-month high, early Fri with no
clear catalyst for the move
** Stock last up 180.0% at $5.32 with trading volume
exceeding 32 mln shares vs 10-DMA of ~100k, per Refinitiv data
** BSFC is the #5 trending stock on retail-investor-focused
social media site Stocktwits.com https://stocktwits.com/rankings
with message volume up nearly 6,000%
** For first nine months of 2021, BSFC reported rev of ~$8.3
mln and net loss of $1.1 mln, per qtrly filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1730773/000149315221029576/form10-q.htm
** BSFC has ~9.1 mln shares of public float, per Refinitiv
data
** Meanwhile, shares of Save Foods Inc SVFD.O , which
develops solutions to improve food safety and shelf life of
produce, are up 20.4% to $4.90 on Fri. Stock rises as high as
$5.90
** SVFD is #6 trending ticker on Stocktwits
** About 17 mln SVFD shares have traded so far on the
session vs their 10-DMA of 38k; co has public float of ~2.2 mln
shares, per Refinitiv data
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))