GRO - Sector: Consumer/Non-Cyclical---Industry: Crops

[setravis]

Profile:

Agria Corporation
21st Floor Tower B PingAn International Finance Center
1-3 Xinyuan South Road Chaoyang District
Beijing, 100027
United States - Map
Website: http://www.agriacorp.com

Details   
Index Membership: N/A
Sector: Consumer Goods
Industry: Farm Products
Full Time Employees: 619


Business Summary   

Agria Corporation operates as an agriculture company in the People’s Republic of China. It engages in the research and development, production, and sale of upstream agriculture products in various categories, including corn seeds, sheep products, and seedling and date products. The company also distributes corn seeds produced by other seed companies. In addition, it involves in buying, raising, and selling sheep and goats, as well as the production and sale of frozen sheep semen and sheep embryos. As of December 31, 2009, the company had access to approximately 28,600 acres of farmland and owned approximately 5,705 sheep and 1,576 goats. It has a strategic partnership with PGG Wrightson Group, which offers a range of products, services, and solutions to farmers, growers, and processors in New Zealand and internationally. The company is based in Beijing, the People’s Republic of China.

[setravis]

Agria Issues Statement...

Press Release Source: Agria Corporation On Thursday July 21, 2011, 3:26 pm EDT
BEIJING--(Marketwire - 07/21/11) - Agria Corporation (NYSE:GRO) (the "Company" or "Agria"), a China-based company with investments in the agriculture sector, today issued the following statement.

In view of the unusual market activity in the Company's stock, the New York Stock Exchange has contacted the Company and requested that the Company issue a public statement indicating whether there are any corporate developments which may explain the unusual activity. The Company stated that it knows of no material events that would cause unusual market activity.

About Agria Corporation

Agria Corporation (NYSE:GRO) is a China-based company with investments in the agricultural sector. For more information about Agria Corporation, please visit www.agriacorp.com.

Safe Harbor Statement:
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Agria may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Agria's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in Agria's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this announcement unless otherwise stated, and Agria does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact:
Contacts: In China:  John Layburn
Acting CFO
Chief Strategy and Compliance Officer
China Tel: 86-10-8438 1031 [email protected]

In the U.S.:David Pasquale
Senior Vice President
U.S. Tel: +914-337-1117
[email protected]

[setravis]

To my Watch List...GRO on the rise !
Something is cooking 
Yahoo shows...160 million cash...It's cash is larger then it's Market Cap. Small debt. Interesting to say the least. I wonder how accurate Yahoo is 

Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Percentage Gainer

Last Price Quote is:
23.46%above 13-day EMA
9.58%above 50-day EMA
RS Rating: 22