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Micro-Cap in News; Origin Agritech Ltd. (SEED)

By Warren Paige

Shares of Origin Agritech Ltd. (NASDAQ: SEED), a technology-focused crop seed company serving mainland China, are soaring in trading today.

At last check, SEED shares were up 22.52% to $1.79 on above average volume of 299,528.

Origin Agritech shares are soaring in trading today after the company provided an update on its Genetically Modified (GM) corn seed pipeline and hybrid corn seed development program.

In China, genetically modified seed products must initially go through a five-stage approval process. SEED’s genetically modified phytase corn was the first genetically modified corn seed to pass all five phases of the approval process. It also received a Bio-Safety Certificate.

Origin Agritech has included phytase traits into two of its best-selling commercial corn hybrids.

Dr. Gengchen Han, Chairman and CEO of Origin Agritech, said that during recent years, SEED has established a leading plant genetic technology platform resulting in one of China’s largest portfolios in genetically modified corn seeds. Dr. Han said that SEED is well-positioned to capitalize on the advent of genetically modified seed opportunities in China.

 

July 10th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.