There are many stocks which are likely to be in major focus among investors this morning owing to the sort of gains they generated last week and one such stock is the Plandai Biotechnology Inc (OTCMKTS:PLPL) stock. This past Friday, the stock was in considerable focus and ended the day with gains of 22%.
The gains of Friday ensured that the Plandai stock ended the week with gains of as much as 37%. However, there was no news about the company that could have led to such gains and that is something investors ought to keep in mind.
However, it could be a good idea to have an idea about the company’s business. Plandai is involved with producing botanical extracts of a proprietary nature for pharmaceutical and nutraceutical industries. At this point, the company is involved in the development of a botanical extract named Phytofare Catechin Complex.
The extract in question is produced from green tea that is produced at the Senteeko Tea Estate located in Mpumalanga, South Africa. The other product that it is working on is the Phytofare citrus complex that is derived from tomato. It remains to be seen if the stock remains in focus among investors this morning.
