Stevia Corp. (OTC:STEV) shares are trading under the new symbol since the end of September this year, and so far they have seen just two trading sessions of any activity at all. Yesterday, the trading volume exploded as the company published its second for the week press release, which probably announced a key appointment to the company’s Board of Directors. STEV.png

Press releases have been actually a rare event for Stevia Corp. this year, yet two came out this week only. The share price did not move up, however, and traders’ interest has been only expressed by the large for that stock trading volume of almost 986,000 traded shares. On Wednesday, STEV traded 15,500 shares, which makes yesterday’s activity even more remarkable.

Both trading sessions STEV closed at $0.90 for a share, which puts a market cap of $52.9 million on this company. That is currently hard to explain as the latest 10-Q shows no business activities, $353,000 in cash as the only assets and outstanding convertible notes for $350,000 (booked under current liabilities).Stevia.jpg

We have not received any promotions for STEV, and thus the only reason for the volume yesterday seems to be a press release from yearly in the morning. As mentioned, it announced that the company has appointed Mr. Rodney L. Cook to the Board of Directors. On Tuesday this week, another new appointment to the Board of Directors was also announced – that of Dr. Pablo Erat. None of these events has been confirmed by an 8-K filing, but maybe that is yet to happen.

In June this year, STEV acquired Stevia Ventures International Ltd., a company that owns certain rights related to the production of stevia, as well as certain exclusive purchase contracts and supply agreements. In consideration of the acquisition, STEV issued 12 million shares of its common stock.