Farmers Edge (OTC:FMEGF) Shares Up 7.4%

Farmers Edge Inc. (OTC:FMEGF – Get Rating) shares shot up 7.4% during mid-day trading on Monday . The company traded as high as $0.20 and last traded at $0.20. 500 shares were traded during trading, a decline of 38% from the average session volume of 800 shares. The stock had previously closed at $0.19.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FMEGF. Canaccord Genuity Group cut their price objective on shares of Farmers Edge from C$1.00 to C$0.40 and set a “hold” rating on the stock in a report on Wednesday, November 16th. National Bank Financial cut their price objective on shares of Farmers Edge from C$0.30 to C$0.25 in a report on Thursday, January 26th.

Farmers Edge Stock Up 7.4 %

The stock’s fifty day moving average is $0.18 and its two-hundred day moving average is $0.31.

Farmers Edge Company Profile

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Farmers Edge Inc develops digital agriculture solutions in Canada, the United States, Brazil, Australia, Russia, and Ukraine. It offers FarmCommand, a cloud-based analytics software platform that provides real-time monitoring, alerts, predictive models, and outcome-based data recommendations offered through web-based platform, mobile app, and universal terminal.