May 13, 2021 (Investorideas.com Newswire) Noble Capital Markets noted in a research report that shortly after receiving its largest single order to date, a 4.4-ton order for OxC-beta Livestock, Avivagen Inc. has received a new order for 4 tons per month from its representative in Mexico.
In a May 4 research note, Noble Capital Markets Inc. Senior Research Analyst Joe Gomes reported that life sciences company Avivagen Inc. (VIV:TSX.V; VIVXF:OTCQB), which develops and commercializes natural feed products for livestock, companion animals and humans, just received a purchase order for 72 tons of its antibiotic-free OxC-beta(TM) Livestock from its consultant in Mexico, Meyenberg International.
The analyst advised that the order from Meyenberg included a 500-kilogram shipment that was delivered on April 30. The new order comes with a commitment to purchase at least 4 tons each month over 18 months beginning in July 2021 and ending in October 2022. According to the analyst, the contract will add around US$2.4 million of revenue for Avivagen in 2021.
The analyst said that this new order from Meyenberg is serving to drive momentum in large bulk orders for Avivagen’s feed products. Gomes noted that on April 26, the company announced it received a purchase order for a single 4.4-metric-ton shipment of OxC-beta Livestock, which was the largest single shipment order for OxC-beta to date.
“We expect additional orders as successful commercial trials conclude in jurisdictions where OxC-beta Livestock is approved. There are numerous commercial trials currently underway and nearing completion and it our belief the successful conclusion of these trial will help to accelerate the adoption and use of OxC-beta Livestock,” the analyst wrote.
Noble Capital Markets noted that it believes that Avivagen “presents a favorable risk/reward proposition,” as it appears that the company “is at an inflection point with significant sales increases just around the corner.”
Noble Capital Markets advised that it is maintaining its Outperform rating for Avivagen with a 12-month price target of US$1.00/share. The company’s shares trade under the ticker symbol VIVXF on the US-OTCQB market and are trading at around US$0.40.
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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Disclosures for Noble Capital Markets, Avivagen, May 4, 2021
Company Specific Disclosures
The following disclosures relate to relationships between Noble and the company (the “Company”) covered by the Noble Research Division and referred to in this research report.
The Company in this report is a participant in the Company Sponsored Research Program (“CSRP”); Noble receives compensation from the Company for such participation. No part of the CSRP compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed by the analyst in this research report.
The Company has attended Noble investor conference(s) in the last 12 months.
Noble intends to seek compensation for investment banking services and non-investment banking services (securities and non-securities related) within the next 3 months.
Noble is not a market maker in the Company.
ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE
Senior Generalist Equity Analyst. Chartered Financial Analyst(C). Over 25 years experience as a Generalist Analyst focused in the small to mid-cap space. MBA in Finance from Pace University and a BS in Agricultural Economics from Cornell University.
FINRA licenses 6, 7, 24, 63, 86, 87.
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