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Tag: Save Foods

  • Upward Trajectory Of Save Foods (SVFD) Stock After-Hours

    Upward Trajectory Of Save Foods (SVFD) Stock After-Hours

    The shares of Save Foods, Inc. (NASDAQ: SVFD) kept rising into Tuesday’s after-market trading. In the extended session, Save Foods’ shares had increased by 6.20% to $2.26. The SVFD stock increased 18.33% during the regular session to close at $2.13. The start of a green gas push linked with the increase in SVFD stock.

    Save Foods (SVFD) has revealed that Nitrousink Ltd., a majority-owned subsidiary, has started a controlled study to evaluate its proposed method of lowering greenhouse gas emissions. The SVFD-subsidiary will concentrate on nitrous oxide (N2O), a strong greenhouse gas that contributes to ozone depletion, in that particular study.

    Under the direction of Dr. Dror Minz, Nitrousink is a research and development firm that makes use of technology created by the Volcani Institute. As the head of the Agricultural Research Organization’s Volcani Institute’s Institute of Soil, Water, and Environmental Sciences, Dr. Minz is a renowned authority in environmental microbiology. Under his direction, Nitrousink hopes to use its cutting-edge technology to get into the market for sustainable agriculture.

    The controlled study, which is being conducted in a greenhouse, is to look at a number of ways to maximize the efficiency of Nitrousink’s solution in lowering the emissions of the greenhouse gas N2O during wheat growth. After that, Nitrousink will assess how well its solution works in microplot fields with a range of soil types, doses, and formulations.

    In addition, Nitrousink seeks to find and characterize other microbes that have the ability to reduce N2O emissions. The size of the worldwide wheat seed market was estimated by The International Market Analysis Research and Consulting Group (IMARC Group) to be US$ 5.3 billion in 2023. The IMARC Group projects that the market will expand at a compound annual growth rate (CAGR) of 3.84% from 2024 to 2032, reaching US$ 7.6 billion.

    Save Foods has earlier said that it will be joining the carbon credit and greenhouse gas emissions markets after acquiring sixty percent of the newly established Nitrousink.

  • Save Foods, Inc. (SVFD) stock gained in the current market; here is why?

    Save Foods, Inc. (SVFD) stock gained in the current market after announcing its sec filing. Save Foods, Inc. (SVFD) stock values at $4.55 in the current market, gaining more than 9.93% from the previously closed value. At the end of the last trading session, the stock of SVFD closed at $4.14. The stock traded volume in the previous trading session was around 33.85K shares.

    Reason for SVFD stock gain

    Save Foods, Inc. (SVFD) announced the sec filing on January 19, 2022. The filing concerns the resignation or election of directors, the appointment of Officers, Compensation of Officers, and Chief Financial Officer Resignation.

    Ms Vered Raz-Avayo, former and departing Chief Financial Officer of Save Foods, submitted her resignation to the BoDs on January 16, 2022. Mme Raz-Avayo resigned for personal reasons and had no disputes with the Company or the Board.

    The Board appointed Mr. Omri Kanterovich as interim Chief Financial Officer, VP of Finance, Treasurer, and Secretary on January 18, 2022.

    Considering Mr. Kanterovich’s new duties, the Board increased his monthly base compensation from 18,000 to 25,000. Mr. Kanterovich’s pay remained unchanged.

    The company appointed Mr. Kanterovich as interim Chief Financial Officer for no other reason. The interim CFO has no relation with the Save Foods directors, executive officers, or Mr. Kanterovich. There is no history of the transaction between the new CFO and the company.

    The effect on the stock gain

    The company’s stock gained massively following the news of its managerial changes. The investors expect the company to find its permanent CFO soon and contribute to its growth.

    Conclusion

    The interim CFO will steer the company’s direction at the company’s current growth rate. They will provide their services until the company announces its permanent CFO. The company expects the interim CFO to achieve the required tenure goals until the new CFO is announced. The interim CFO is experienced and has years of industry experience.