Forafric Global
AFRI

$10.98

1.7%

Market Cap: $295M

About: Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Employees: 600

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

18% more funds holding

Funds holding: 28 [Q1] → 33 (+5) [Q2]

0.13% less ownership

Funds ownership: 1.7% [Q1] → 1.57% (-0.13%) [Q2]

5% less capital invested

Capital invested by funds: $4.72M [Q1] → $4.49M (-$229K) [Q2]

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

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Research analyst outlook

We haven’t received any recent analyst ratings for AFRI.

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Financial journalist opinion

Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced it has entered into a 10-year renewable contract to lease and operate an existing milling facility located in the Meknes-Fes region of Morocco. This marks a significant milestone in the expansion of the Company's milling capabilities and positions Forafric for continued growth. This expansion is expected to increase the Company's milling c.

Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day

Forafric Provides Business Update

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI) (“Forafric”), a vertically integrated agribusiness serving Africa, today provided a business update. Recent Business Highlights Achieved record high crushing volume for the first nine months of 2023, with more than 443,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market Completed acquisition of 90% of Société Industrielle de Minoterie du Sud (“SIMS”), a soft wheat milling company with primary operat.

Forafric Provides Business Update

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