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AFRI

Forafric Global PLC

Industry

Agricultural Farm Products

Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco and Sub-Saharan Africa. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands. It serves wholesale foods manufacturers and distributors The company also exports its products to approximately 45 countries. Forafric Global PLC is headquartered in Gibraltar.

Open

10.15

Mkt cap

273M

Volume

3.7K

High

10.32

P/E Ratio

-21.62

52-wk high

12.00

Low

10.15

Div yield

N/A

52-wk low

9.63

Forafric Global PLC (NASDAQ:AFRI) has announced a 10-year renewable agreement to lease and operate a milling facility in Morocco, aiming to increase its milling capacity by 600 tons per day. This expansion, expected to commence in Q3 2024, is seen as a strategic move to enhance Forafric's operational footprint and crushing capacity with minimal capital investment. The agreement is pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:42 pm

Forafric has acquired the SIMS mill in Marrakesh, which will increase its crushing capacity to over 300 tons per day. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:18 pm

US stocks traded lower with Dow Jones dropping over 300 points. DICE Therapeutics shares spiked 37% after Eli Lilly agreed to acquire the company for $48 per share in cash. Housing starts in the US surged 21.7% month-over-month in May.

Portfolio Pulse from Lisa Levin

June 20, 2023 | 4:29 pm

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