Stock in Vanguard of Drive to Phase Out Antibiotics in Animal Feed3rd October 2018
By The Life Science Report
Source: Clive Maund for Streetwise Reports 10/01/2018
As the worldwide movement to ban antibiotics as a growth promoter in animal feed gains traction, technical analyst Clive Maund has called an “immediate strong buy” on a company that has developed an alternative.
Avivagen Inc. (VIV:TSX.V) is an interesting company because it is in the vanguard of the drive to eliminate the non-medicinal use of antibiotics in animal feed, which not only has huge benefits for the animals themselves but for their human consumers because of the alarming spread of antibiotic resistance. Many countries are now banning the use of non-medicinal use of antibiotics in animal feed.
Avivagen is a leading company in the drive to create a safe and effective alternative to antibiotics in animal feed, and to say that this is a massive market is an understatement. As the company says on its website, “In response to this impending global threat (posed by antibiotic resistance), at the consumer level retailers such as McDonald’s, Costco and Subway are now sourcing certain meat products raised without the use of antibiotics, and producers such as Cargill and Tyson are planning to reduce or eliminate the use of antibiotics in meat production.” So it is easy to comprehend why Avivagen’s stock has such huge potential.
Now we proceed to examine the charts for the company’s stock. Starting with the long-term 15-year chart, we see that the company has been around for a long time, and clearly, Apple Inc. would have been a better investment up to now. However, this chart reveals that a giant Double Bottom base pattern has formed from 2011 through 2016, and with the price having recently dropped back to the strong support close to the lows of the Double Bottom, thanks to the former CEO or president unwinding his considerable stock position, a process that now looks to be complete, it is clearly very cheap now. So we will now zoom in to see more clearly what has been going on in the recent past on shorter-term charts.
Avivagen Inc website.
Avivagen Inc, VIV.V, CHEXF on OTC, closed at C$0.62, $0.40 on 28th September 2018.
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1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
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Charts provided by the author.
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: VIV:TSX.V,