BIOX Corp (TSX-BX) Initiating Coverage

Thu, 2012-05-17
Energy & Resources

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Title: BIOX Corp - Canadian Biodiesel Giant Establishing Physical Presence in U.S. to Capture Growing Market Demand

Synopsis: We initiate coverage of BIOX Corporation (TSX: BX) with an Overweight rating and a 12 to 18 month price target of $2.29, offering a 88.9% upside potential from the current price of $1.21. We believe that the current price presents an attractive valuation, as it does not yet fully reflect the value of the company's growth plans.

Report length: 32 pages

Miller Chu
Peter Fang, CFA