Wednesday's NASDAQ Top Gainer: Energy Crop Company Ceres (CERE) Gains over 75%
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Point Roberts, WA - June 12, 2013 (www.investorideas.com newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainer on the NASDAQ for June 12 th Ceres, Inc. (NasdaqGM:CERE) trading at $3.87,gaining $1.67 or 75.91% as of 12:32PM EDT . The stock had a morning high of $3.94 on volume of just over 1.3 Million shares.
Ceres. (NasdaqGM: CERE) stock moved based on an “outperform” rating restated by Raymond James in their research notes on Tuesday. Investors jumped in as Raymond James noted a $7.00 price target on this stock.
Ceres, Inc. is an agricultural biotechnology company that markets seeds for energy crops used in the production of renewable transportation fuels, electricity and bio-based products. The company combines advanced plant breeding and biotechnology to develop products that can address the limitations of first-generation bioenergy feedstocks, increase biomass productivity, reduce crop inputs and improve cultivation on marginal land. Its development activities include sweet sorghum, high-biomass sorghum, switchgrass and miscanthus. Ceres markets its products under its Blade brand.
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