Igene biotechnology, inc. (otcmkts igne) spikes higher cube steak marinade

This nearly 500% stock returns spiked our interest in IGNE, leading us to assess whether this price run is merely short-term or an upward trend will continue in the next weeks.

IGNE is a very old entity, incorporated in the state of maryland on october 27, 1981. Its activities include the development, production, and marketing of biochemical products. The following is a list of the drugs provided in the last quarter:

“igene is a supplier of natural astaxanthin, an essential nutrient in different feed applications and a source of pigment for coloring farmed salmon species. Igene is also venturing to supply astaxanthin as a nutraceutical ingredient. Igene is focused on research and development in the areas of fermentation technology, nutrition and health and the marketing of products and applications worldwide.500% stock igene is the developer of aquasta(R), a natural astaxanthin product made from yeast, which is used as a source of pigment for coloring farmed salmonids.” source

But, there is more. The company also developed proprietary processes to convert selected agricultural raw materials or feedstocks into commercially useful and cost-effective products for the food, feed, flavor, and agrochemical industries. The company was said to be using in-house scientific staff as well as several consultants.

We could also read that the company has signed several agreements with other partners that created subsidiaries abroad. It was the case of igene chile comercial, ltda., which was created in chile in 2000, or the agreement signed in 2003 with tate & lyle PLC to produce aquasta(R) for the aquaculture industry.Large amount finally, the agreement signed with archer-daniels-midland company was also remarkable, under which they manufacture and sell astaxanthin and derivative products throughout the world.

We need to draw the attention of the readers to several filings that appeared in 2017. They show that broker-dealer CANACCORD GENUITY has been acquiring a large amount of stock recently. The following is an image taken from the last document:

There are two points to make here. Firstly, the fact that shareholders are buying shares is beneficial, not only for the image of the company but also because of the demand for the stock increases, which usually leads to price appreciation. While we don’t believe that this acquisition of shares is making the share price increase, it should be contributing.500% stock returns the second point to be made is making clear for everybody that CANACCORD GENUITY is not really buying the shares. They are the brokers of the real shareholder, which we expect to be some rich individuals/companies interested in the assets of IGNE.

While, in reality, the company did not release any new information, the financial media reacted to the astonishing share price move. Just like us in this article, ih.Advfn.Com also reacted to the incredible value created by IGNE in a short period of time. Read the following text, in which 1,500% stock returns delivered by the company are highlighted:

Furthermore, there are forum members telling that the company will restate its financial statements soon.Share price while these efforts should be positive for the stock, in our view, the stock reaction is too large. We will try to stay tuned. We also encourage readers to do the same. There may be something in the works that we don’t know.

Finally, please note that with the recent price volatility seen in the chart, holding a position on this name is risky. Some people have made a large amount of money here, but losses may be also large if the company does not release new information soon explaining what’s going on.

Currently trading with a market cap of $2.1 million, IGNE is an interesting story among small caps. With 1,565,404,297 shares outstanding, we could read in this old 10-k that insiders owned a large amount of stock.500% stock as a result, we believe that IGNE is a low float runner that will exhibit a lot of share price volatility. Be sure to understand how low float micro caps work, since the stock gains can be massive as well as the stock losses.