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UPDATE: BIOX Corp. Falls Nearly 16%, Touches Day Low, As Posts Q3 2011 Loss

BIOX Corporation (BX.TO) fell by about 16% to 60 cents, touching day low, after announcing that it posted a net loss of $2.5 million in third quarter of 2011 compared to the previous year's $6 million after sales surge to $24.5 million from $6.6 million in the previous year. The increase in sales was primarily the result of a produce and store strategy the company implemented during the third quarter of fiscal 2010, the sale of 2.6 million liters of biodiesel acquired from third parties during the third quarter of 2011, and higher revenue per liter of biodiesel sold.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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