AGRI was listed on July 7th, at a public offering price of $5.00 per unit. Now the price is only 3.04usd!!!
Shares Float is low, 12.05Mil
AGRI has signed a letter of intent to acquire a leading AgTech European consultancy.
AgTech consultancy had 2020 annual consulting audited revenues of over US$26 million and EBITDA of US$3 million .
it expects revenues of US$28 million for 2021.
purchase price of AgriFORCE is around US$29 million cash and stock.
AGRI has now a mk cap of onlu 45.5mil. with this purchase and AgTech`s added fundamentals, and using also the fibonacci extension tool, my place target for AGRI short term is 11.20usd
I`m looking forward to read your opinion about it.