Shares of MBAC Fertilizer Corp (TSX: MBC), engaged in the mining, production and exploration of phosphate and potash fertilizer, registered over a 17.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. MBC was the top performer in the Canada industrials sector after climbing 17.3% and closed at C$0.14 Wednesday, while recording significant trading volumes of 3.3 million shares. Recently, the company announced that it has signed final agreements with its senior lenders to extend the maturity of its loans and defer related interest and principal repayments for a period of up to two years. During the past 5-trading sessions, MBC fell by 3.6% with daily average trading volumes of 3.6 million shares, while the stock tumbled 6.9% during the past one month with daily average trading volumes of 2.3 million shares.
Company Description:
MBAC Fertilizer Corp. (TSX: MBC) is an integrated fertilizer company with operations in Brazil. The company produces phosphate and potash fertilizer for the Brazilian market. MBAC owns and operates the Arraias-Campos Belos phosphate mine and is continuing to search for additional fertilizer opportunities in the Brazilian and other Latin-American markets.
1-Year Stock Chart:
Source: Bloomberg
