Save Foods shares are trading higher after the company highlighted it's targeting the US carbon credit market following the acquisition of majority ownership in the newly-formed Nitrousink Ltd.
Portfolio Pulse from Benzinga Newsdesk
Save Foods, Inc. shares have risen following the announcement that the company is targeting the US carbon credit market after acquiring majority ownership in Nitrousink Ltd.
December 07, 2023 | 4:53 pm
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Save Foods, Inc.'s stock price has increased due to the company's strategic move into the US carbon credit market by acquiring a majority stake in Nitrousink Ltd.
The acquisition of a majority stake in Nitrousink Ltd. positions Save Foods, Inc. in the growing carbon credit market, which is likely to be viewed positively by investors. The move into a new market with potential for growth can lead to increased investor confidence and a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100