SLC Agrícola (OTCMKTS:SLCJY) Stock Price Up 4.6% – Here’s Why

SLC Agrícola S.A. (OTCMKTS:SLCJY) shares shot up 4.6% during trading on Wednesday. The company traded as high as $3.55 and last traded at $3.55. Approximately 12,314 shares were traded during mid-day trading, a decline of 62% from the average session volume of 32,734 shares. The stock had previously closed at $3.3950.

Analysts Set New Price Targets

Separately, Zacks Research upgraded SLC Agrícola to a “hold” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

SLC Agrícola Stock Performance

The business’s 50-day simple moving average is $3.10 and its 200 day simple moving average is $3.12.

About SLC Agrícola

SLC Agrícola SA is a Brazilian agribusiness company engaged in the production and commercialization of agricultural commodities. Its principal crops include soybeans, cotton and corn, which are cultivated on large-scale farms using mechanized production systems and agricultural technology.

Founded in 1977, the company is part of the SLC Group and has developed an integrated operating model covering land development, crop production, harvesting and the sale of agricultural products. SLC Agrícola also produces cotton fiber and related byproducts, as well as soybean and corn, serving domestic and international commodity markets.

The company operates agricultural properties in Brazil’s major farming regions, including states such as Mato Grosso, Bahia, Maranhão, Piauí, Goiás and Minas Gerais.