If you are looking into stocks which may have made big moves on Tuesday, then it might be difficult to overlook the Black Bird Biotech Inc (OTCMKTS:BBBT) stock. It was one of the biggest movers yesterday and ended the day with gains of as much as 46%.
The company is best known for its biopesticide product named MiteXstream and yesterday, the company announced that a major agricultural chemical distribution company located in the Middle East would be starting field testing of the product. The company would start field testing of MiteXstream in October 2021 and the testing is going be conducted on a wide range of crops.
In this regard, it should be noted that the Middle Eastern distributor had announced that mites are known for building up resistance to most pesticides fairly quickly. Hence, it was looking for a product that could kill mites but was not a run of the mill ‘poison’.
Fabian Denault, who is the President of Black Bird Biotech and developer of MiteXstream, noted that people in the Middle East are now looking for a low cost but high quality mite control product. He added that MiteXstream is the ideal products in that regard.
