Ceres (NASDAQ:CERE) has climbed 52.83% in the past week and advanced 83.32% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 54.66% and the outperformance has advanced to 81.65% for the last 4 weeks period.
Ceres (NASDAQ:CERE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.38 and $0.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.38, notching a gain of 72.85% for the day. The total traded volume was 15,559,107 . The stock had closed at $0.22 on the previous day.
The company shares have dropped -81.28% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $43.27 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $0.23 and the 200 Day Moving Average price is recorded at $0.29.
Currently the company Insiders own 1.77% of Ceres shares according to the proxy statements. Institutional Investors own 26.65% of Ceres shares.
Ceres, Inc. (Ceres) is an agricultural biotechnology company that develops and markets seeds to produce crops for bioenergy and other markets that utilize plant biomass. It uses a combination of advanced plant breeding, biotechnology and bioinformatics to develop seed products. One of commercial opportunities is in Brazil where the Company is pursuing multiple markets for its sorghum products. It markets its sweet sorghum hybrids as a drop-in feedstock to complement existing feedstock supplies and extend the operating season of Brazilian sugarcane-to-ethanol mills. It also markets its high biomass sorghum products to mills and other agri-industrial facilities for use in generating electricity, heat and steam. It markets and sells its seed products under its Blade brand. It generates revenues from government grants, research and development collaboration agreements and from product sales. The Companys products include sorghum, switchgrass and miscanthus.