Stockchase Opinions

Hugh Cleland, CFA Neptune Tech & Bioresource NEPT-T STRONG BUY Apr 02, 2008

Krill oil that has a number of therapeutic benefits. Just signed an agreement for global distribution of an omega 3 product. Just got a patent on their pharmaceutical product for boosting of HDL levels.
$3.900

Stock price when the opinion was issued

biotechnology pharmaceutical
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SHORT
For years NEPT was in partnerships where they were extracting Omega-3 oils from krill oil and selling that to consumers. Now they're taking that extraction technology and applying it to the cannabis oil market. He's in a wait-and-see spots. The fundamentals don't back the move up in the stock. He has a small short on this.
WATCH
Doesn't know this well. They're in the cannabis sector, more in the extraction market, an area that will continue to expand. He's watching their progress in earnings.