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FAMI Stock Alert: Why Farmmi Investors Are Feeling Fabulous About the Chinese Ag Supplier Today

Farmmi (NASDAQ:FAMI) stock is on the move Wednesday as investors react to news of a new repeat order for one of the company’s products.

FAMI stock: Tractor spraying pesticides on soybean field with sprayer

Source: Shutterstock

According to a recent report, Farmmi secured a repeat order for its dried mushroom slices. This will have it sending them to a customer in Southampton, England. That marks a win for a agricultural products supplier, which has a focus on Shiitake mushrooms and other fungi.

Yefang Zhang, CEO of Farmmi, had the following to say about the mushroom order that boosted FAMI stock higher today, in a statement obtained by BayStreet.

“This is another important win for us. It continues the meaningful sales growth trajectory we have been building all year as we leverage our increased investments in sales and marketing to build our global brand, and it also benefited from our consistent product availability due to our strong supply chain relationships.”

News of the mushroom order also has FAMI stock seeing a decent amount of trading today. As of this writing, more than 62 million shares of the company’s stock have changed hands. That’s creeping up on its daily average trading volume of 73.4 million shares.

FAMI stock is up 6% as of Wednesday afternoon.

Investors hoping for more recent stock market news from today are in for a treat!

InvestorPlace offers up the most recent coverage of the market with our daily deep dives into the space. For Wednesday, that includes Nancy Pelosi stocks to keep an eye on this year, what has Nikola (NASDAQ:NKLA) stock roaring higher, as well as the major deal pushing Data Storage (NASDAQ:DTST) stock up. You can get all of these details, and more, from the following links below!

More Stock Market News for Wednesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Read More:Penny Stocks — How to Profit Without Getting Scammed


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