Why Evogene Ltd. (EVGN) stock soared in the aftermarket trading session?


At the aftermarket trading session, Evogene Ltd. (EVGN) increased by 7.76% to 3.75 USD at the last check. The EVGN share previously closed the session at USD 3.48 and gained 1.75%. The share volume traded at 0.58 million shares. Last year, the current EVGN share rose by 237.86% and fell by -1.42% last week. In the last three and six months, the EVGN share had lost -43.69% and gained 20.00%. In addition, Evogene Ltd. (EVGN) is currently valued at USD 138.19 million in the market and has 40.41 million shares outstanding.

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What you can do with Evogene Ltd. need to know

Evogene Ltd. is a biotechnology company specifically focused on manufacturing. The focus is on product offerings and improvements in various biological and scientifically sound platforms that take human wellbeing, agriculture and industrial applications into account. EVGN uses its CPB (Computational Predictive Biology) platform to integrate several scientifically sound platforms. The CPB phase, which combines a profound understanding of science that is used through large information and AI, should computationally find and in particular control the further development of life science products that are dependent on microbes, small molecules and genetic elements.

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The organization operates in three segments: agriculture, human health and industrial applications. In the Agriculture section, seed qualities, ag-synthetic products and ag-organic products are produced in order to improve plant production. The products focus on different crops such as corn, soybeans, wheat, rice and cotton. The "Industrial Application" part creates improved castor seeds that serve as a raw material hotspot for biofuels and other mechanical applications. The Human Health Division finds and creates microbiome-based therapeutics for the treatment of immuno-oncology, GI-related problems, and multi-drug resistant living beings.

The organization also gives clinical cannabis items. It works in the US, Israel, Brazil and worldwide. The organization has made important coordinated efforts and approved the approval of horticultural companies such as BASF SE, Corteva and Bayer. and through his tool Canonic Ltd. there is a cooperation agreement with Cannbit Ltd., an aid from TikunOlam-Cannbit Ltd. to improve novel clinical cannabis products. Evogene Ltd. was founded in 1999 and is based in Rehovot, Israel.

The company's financial report for the first quarter of 2021 is in line with its strategies and planning

The EVGN share auxiliaries are focused on making further significant strategic efforts in the period 2021-2022. The Organization expects that such coordinated efforts will enable the capital business sector to add to the remarkable technological value of the Organization in general.

According to the management comments in the financial report, the organization continued to develop as expected in the first quarter of 2021. Each EVGN share subsidiary is focused on advancing its product pipeline by planning to advance the products towards commercialization.

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Evogenehas kept a solid record for its exercises with approximately $ 70.1 million in consolidated cash, cash-related records and bank deposits. Evogene has a solid budget position for its ventures with cash holdings of approximately $ 70.1 million as of March 31, 2021. The decline in total loss with a decrease from $ 0.1 million to $ 7.1 million year over year is on The following attributed the reduced operating loss. However, the decrease in operating loss from $ 6.9 million in the first quarter of 2020 to $ 6.3 million in the first quarter of 2021 is due to an increase in revenue from partnership agreements.

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