Yesterday, Viterra Inc. (TSE:VT), (PINK:VTRAF) stock surged after the company announced that its third quarter results for the period ending this July will be discussed in a conference call next Wednesday.
VTRAF stock, being oversold almost the whole August, presented enviable performance. VTRAF opened the session 2.05% higher than it closed the previous day.
As opposed to the last days, the volume traded was in hundred thousands.
VTRAF shares closed the session at a price of $8.2853, leaving the feeling that they have been undervalued recently.
At the same time, the Canadian market also appreciated VTRAF upward direction.
As opposed to VTRAF, the previous month was not oversold for VT, despite its pulling back in the middle of August. VT soared 3.93% between the sessions on a volume of 2.1 million shares, exceeding the average for the company.[BANNER]
More than two weeks ago, Viterra Inc. announced the official opening of its new high throughput terminal in Alberta. Days after the announcement, VT was revitalized.
Viterra Inc. provides premium quality ingredients to global food manufacturers. The company is headquartered in Canada. Its global agribusiness has operations across Western Canada, the United States, Australia and New Zealand, with Adelaide, Australia as the base for Viterra’s Southeast Asian operations. The company also has offices in Japan, Singapore, China, Switzerland and Italy.
