Shares in Value Logo
Product Review Img Vertical

Date : 03/03/2021

Why did Australian Primary Hemp (ASX:APH) shares see a growth today?

Australian Primary Hemp Ltd. is a tiny biotechnology company, which engages in developing new human therapeutics based on its proprietary drug discovery, drug targeting and synthesis technologies. It involves the research and development of new human pharmaceuticals. The company also engages in the commercialization and improvements of its generic fondaparinux product. Its products include fondaparinux sodium, hyact and ha-irinotecan.

Australian Primary Hemp shares had a rather flat performance during the pandemic, but the surge started in mid November 2020 when the firm announced a retail distribution deal with 7-eleven Australia for the distribution of snack bars. The stock has returned over 206% in the past 6 months and 35% year-to-date.

Today, Australian Primary Hemp secured a retail distribution agreement with Coles Australia. Under the agreement, Coles Supermarkets will carry two Mt. Elephant “milk” products—a barista and original oat and hemp “mylk” and a chocolate oat and hemp “mylk”—in its stores in New South Wales, Victoria, Australian Capital Territory and Queensland. The plant-based health and wellness products manufacturer expects the agreement to generate annual sales revenue of about AU$200,000 ($156, 608) starting in April.

Australian Primary Hemp shares jumped 7% today and settled at $0.46 a share – a 5.75% growth at market close.

Looking for Growth Stocks?

Growth stocks are potentially one of the hardest to pick as there are a lot of factors that need to be considered – from industry tailwinds to financial health of the individual stocks, and a lot of little things in between them. Shares in Value research team have picked their top 3 ASX stocks to buy in 2021. Click here to download the report for free.

 

Are You Looking To Buy The Best Stocks In 2022?

Stay on top of upcoming market trends! Whether you are an SMSF investor or a young investor with your portfolio, we cover a wide range of stocks across all sectors, including mining, financials, industrials, real estate, technology, health and biotech, etc. It will give you an edge to invest and trade ASX listed stocks across large, mid and small caps with an advantage.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2022!

 

Top 5 ASX Stocks
to Buy for Capital Growth in 2022

asx landing page
The hardest part to finding growth stocks is having an ability to understand the finer details of these companies from their valuations through to first mover advantage and having key factors on hand to make informed investment decisions.

Our experts take the guesswork out.

Download Your Free Report

By downloading this report you agree to the TERMS AND CONDITIONS and our PRIVACY POLICY

Scroll to Top

Login

By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY

Please fill in your details to download the free dividend shares report.

We will send your report instantly. Please put your correct email address and phone number.