The Bubs Australia Ltd (ASX: BUB) share price went up almost 7% today.
Bubs was founded in 2006 by Kristy Carr and was listed on the ASX in January 2017. Its infant formula is based on goat milk and it also sells organic baby food. Bubs recently acquired NuLac Foods, Australia’s largest producer of goat milk products, it also guarantees exclusive supply of local goat milk from Australia’s largest herd of milking goats.
Bubs’ Bumper End To The Week
The Bubs share price finished with a bang. Over the past month the share price fell as low as $0.93 at the end of June but has recovered 36% since then.
Investors and analysts are loving the things that Bubs is doing. It has announced a partnership with Fonterra Shareholders’ Fund (ASX: FSF) to produce a new formula product line, it has a strategic equity-linked alliance with Chemist Warehouse and the acquisition of the Australia Deloraine Dairy manufacturing facility which is approved by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) was also a smart move. Investors seem to be becoming more confident on China.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.