Ecoland International Inc. (ECIT) aims to Enter into Robotics & Automotive Industry
Ecoland International Inc. (OTC: ECIT), is engaged in the business of producing organic fertilizer that is used in organic farming. The company uses deposits in Angola/Mozambique to develop Dry-bar cave bat guano.
In the last year, the company acquired D&R Technology Inc. The acquisition of D&R Technology enabled Ecoland to enter in the automotive industry as an assembler and manufacturer. The acquisitions are turning out to be good for the company, as D&R Technology has won various orders from Faurecia, Johnson Controls, JUDO Water Treatment Inc. and Toyota Vehicle.
In the past one month, the company’s stock gained 233% with a three months average trading volume of 2,608,710. This is a huge gain in share price, which reflects that the company made a right move to acquire D&R Technology Inc.
The company reported a loss of $50 thousands in its most recent quarterly filings. At present, the stock is trading at $0.50 with market capitalization of $44.32 million. ECIT’s 52-week high is $1.35 and 52- week low is $0.05.
Recently, the company has formed “Robotics Research Group” (RRG), which will focus to developing robotic solutions. The company aims to enter into the robotics and automation industry with this new initiative.
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Posted by Shaun Johnson
on Thursday, February 16th, 2012. Filed under Internet, Technology.
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