Streetbeat News

MLEC

Moolec Science SA

Industry

Biotechnology

Moolec Science SA, a science-based ingredient company, focuses on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. The company's product portfolio and pipeline leverage the agronomic efficiency of used target crops, such as soybeans and peas. It operates in the United States, Europe, and South America. The company was founded in 2008 and is based in Luxembourg.

Open

0.89

Mkt cap

34M

Volume

12K

High

0.89

P/E Ratio

-4.63

52-wk high

3.25

Low

0.85

Div yield

N/A

52-wk low

0.75

Moolec Science SA (NASDAQ:MLEC) has received USDA approval for its genetically engineered peas, marking a significant milestone in Molecular Farming. This is the third regulatory clearance from USDA-APHIS for Moolec, following approvals for safflower and soybean. The approval allows Moolec to expand field trials and commercialization, positioning the company as a leader in innovative, sustainable food production.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:04 am

Saratoga Investment Corp. (NYSE:SAR) shares rose 7.9% in pre-market trading after reporting better-than-expected earnings. Other notable pre-market movers include Carmell Corporation, WW International, and Arcadium Lithium, with significant gains, while Paltalk, Kidpik, and Moolec Science saw declines.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 9:32 am

In Tuesday's after-market session, several consumer staples stocks experienced notable price movements. Australian Oilseeds Holdings (NASDAQ:COOT) led the gainers with a 7.4% increase, while AgriFORCE Growing Systems (NASDAQ:AGRI) saw the largest decline, falling 8.0%. Other gainers included Edible Garden (NASDAQ:EDBL) and Safety Shot (NASDAQ:SHOT), while Innovation Beverage Group (NASDAQ:IBG) and BRC (NYSE:BRCC) were among the losers.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 8:31 pm

In Thursday's pre-market session, several consumer staples stocks experienced significant movements. Notable gainers included Elevai Labs, Splash Beverage Group, and Edible Garden, while Moolec Science and Mangoceuticals were among the losers.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 12:06 pm

Moolec Science reported its Q4 2024 financial results, with a GAAP EPS of $(0.07), missing the estimate of $(0.06). However, the company exceeded sales expectations, reporting $1.523 million compared to the estimated $1.255 million.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:07 am

The article highlights four oversold stocks in the consumer staples sector with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are African Agriculture Holdings Inc (AAGR), Moolec Science SA (MLEC), Estee Lauder Companies Inc (EL), and ELEVAI Labs Inc (ELAB).

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 12:42 pm

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares fell 12.2% after announcing a workforce reduction of 400 employees. Other notable stock movements include Autonomix Medical, Inc. (NASDAQ:AMIX) climbing 148% and Trump Media & Technology Group Corp. (NASDAQ:DJT) rising 32.8% following an attempted assassination of Donald Trump.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 5:23 pm

Moolec Science SA (NASDAQ:MLEC) has signed a three-year offtake agreement with a major global consumer packaged goods and pet food company for its patented GLA Safflower Oil product, GLASO™. The agreement includes an initial estimated volume of 50 tons for 2025.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:09 am

Moolec Sciences shares surged following the announcement of a US patent grant for its SPC2 product, produced using Molecular Farming technology in safflower.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:18 am

Nucor Corporation's shares fell after reporting lower-than-expected quarterly results. Other stocks showed significant movement, with Cyngn Inc. and Pineapple Energy Inc. among the top gainers, while Abeona Therapeutics and Greenwave Technology Solutions were notable losers.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 5:53 pm

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