IGC - India Globalization Capital, Inc.

NYSE American - NYSE American Delayed Price. Currency in USD
-0.0158 (-2.34%)
At close: 4:00PM EST
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Previous Close0.6758
Bid0.6400 x 1100
Ask0.7500 x 1000
Day's Range0.6500 - 0.6750
52 Week Range0.3300 - 3.3000
Avg. Volume411,490
Market Cap26.117M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateFeb 09, 2020 - Feb 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Benzinga

    India Globalization Capital More Than Doubles Revenue, Posts Q2 Net Loss of $1.32M

    India Globalization Capital, Inc . (NYSE: IGC ) reported Wednesday  with second-quarter revenue of $1.8 million, up 125% from the same quarter in 2018, when it posted $810,000 in revenue.  During the quarter, ...

  • Business Wire

    IGC Reports Financial Results for the Quarter Ended September 30, 2019

    India Globalization Capital, Inc. today announced financial results for the quarter ended September 30, 2019, which is the second quarter of its 2020 fiscal year.

  • Business Wire

    IGC Opens Marketing and Research Hub in Colombia

    India Globalization Capital, Inc. (IGC) announced today that it has opened a marketing and research office in Colombia, South America. Hamsa Biochem SAS, a new beneficially owned subsidiary of IGC, will focus on marketing and research initiatives to advance Hyalolex™, Holi Hemp™, and other products in Latin America and among the greater Hispanic community in the United States, in compliance with applicable law and regulations. Hyalolex™, which is currently available in more than 40 dispensaries in Puerto Rico, is based on a formulation described in a patent filing acquired from the University of South Florida (USF) in 2017, with pre-clinical research that indicates that micro-doses of cannabis, in combination with other natural compounds, may be beneficial to Alzheimer’s cell lines and to memory in transgenic mice.

  • PR Newswire

    Lifshitz & Miller LLP Announces Investigation of Amneal Pharmaceuticals, Inc., CareDx, Inc., Casa Systems, Inc., India Globalization Capital, Inc., Just Energy Group Inc., LegacyTexas Financial Group, Inc., Maxar Technologies Inc., and Unum Group

    NEW YORK , July 26, 2019 /PRNewswire/ --   Amneal Pharmaceuticals, Inc. (AMRX) Lifshitz & Miller  announces investigation into possible securities laws violations in connection with allegations that Amneal ...

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    This Marijuana Stock Is Up Almost 300% Since It Announced a CBD-Infused Drink

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  • Business Wire

    IGC Reports Financial Results for the Fiscal Year Ended March 31, 2019

    India Globalization Capital, Inc. announces its financial results for the Fiscal Year Ended March 31, 2019.

  • Benzinga

    India Globalization Capital Subsidiary Secures Hemp Cultivation, Harvesting License In Arizona

    Holi Hemp, a subsidiary of India Globalization Capital, Inc. (NYSE: IGC ), said Thursday that its application for the cultivation and harvesting of hemp was approved by Arizona’s Department of Agriculture ...

  • Business Wire

    IGC to Participate in Arizona’s Industrial Hemp Program

    India Globalization Capital, Inc. (IGC) announces that its subsidiary Holi Hemp’s application has been approved and that it has executed agreements with operators to grow and harvest industrial hemp under the terms and conditions of the Industrial Hemp Program developed by the Arizona Department of Agriculture (AZDA). Our strategy is to ensure the highest quality output by controlling the production of important cannabinoids like Cannabidiol (CBD) and Cannabigerol (CBG) among others, both as a supplier and to support our products such as HyalolexTM and Holi HempTM. “We selected Arizona after much analysis including assessing climate, cost of labor, political environment, local support, logistics, market penetration, and competition, among other factors.

  • Business Wire

    Robbins Arroyo LLP: India Globalization Capital, Inc. (IGC) Sued for Misleading Investors

    Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of India Globalization Capital, Inc. (IGC) has filed a derivative complaint against the company's officers and directors for breaches of fiduciary duty from October 25, 2017 through the present. India Globalization develops and commercializes cannabis-based therapies.

  • InvestorPlace

    7 A-Rated Stocks to Buy Under $10

    We hear a lot about the major averages on a day-to-day basis. But what we don't hear about nearly as much are the low-priced stocks and the small-cap stocks to buy that are primed to do well in this kind of market.Assuming all works out in the trade wars, we have going now and we don't pick any more trade fights with major trade partners, the U.S. economy should do well this year.And small cap companies can leverage growth far better than big ones, so this will be an ideal time for small caps in general, especially now that the Federal Reserve has announced it's will to err on the side of growth and lower interest rates if necessary, to keep growth moving.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Stocks for 2019 -- So Far What's more, these stocks are all in strong growth sectors that won't be harmed by the current trade wars. That also makes my Portfolio Grader's seven A-rated stocks to buy under $10 attractive buyout targets for larger companies that can borrow at very low rates for acquisitions. Recro Pharma (REPH)Recro Pharma (NASDAQ:REPH) is a biotech that is in phase 3 trials for a non-opioid drug for acute post-operative pain. That has garnered it a great deal of attention over the past couple of years.With a market cap of $250 million, it has the wherewithal to mount a good effort in getting this drug over the finish line. Once it finishes trials successfully, it then can either shop the big drug firms for a licensing agreement, go on its own or get acquired by a pharma firm looking to diversify its portfolio.But the fact that taking a drug through drug trials can cost around $2 billion today means that small firms with good ideas can find it hard to keep generating revenue until they make it through trials.REPH is generating revenue now as it works on getting its Meloxicam through phase 3 trials. It has two other drugs in the pipeline as well. And its Q1 earnings report was very encouraging.While earnings were negative, they beat estimates by 87% and revenues were positive. It looks like it will break even by the end of this year and once Meloxicam gets through its hurdles, it may well be off to the races. Paysign (PAYS)Paysign (NASDAQ:PAYS) is a leader in the prepaid card business. Whether it's a phone card, rewards card or payment card, it does it all.This has become a very hot sector recently for temporary and unbanked workers. Instead of dealing with all the issues around delivery a check to workers, they can be given a prepaid card with their earnings on it to use as they please.Many of the big pharmaceutical firms are also using prepaid cards to give to patients as co-pay help for name brand pharmaceuticals. Local and state governments are also choosing prepaid cards rather then issuing checks to citizens as well as vendors. * 7 Stocks to Buy That Don't Care About Tariffs In the past year, PAYS is up a whopping 344%, 184% of that is year to date performance. Given that massive run, the stock is already at the $10 mark, but it's close enough and its potential is big enough that it makes this list. India Globalization Capital Inc (IGC)India Globalization Capital Inc (NYSE:IGC) is an odd combination of businesses. On the one hand, and as its name implies, it has a heavy-duty construction business and an industrial commodities trading business that has been in operation in India for 35 years.And then recently, it has added a cannabinoid therapeutics business, looking for and delivering alternative therapies for Alzheimer's and Parkinson's diseases.It was delisted from the NYSE after the price fell below $1 last year. But it won a relisting in February and the stock rose 234% on its first day of relisting. For the year, the stock is up 64% and year-to-date it's still up 232%. Its cannabis business is likely attracting much of the attention since many companies in the sector are getting purchased at massive premiums. At current prices, this isn't the stock to bet your retirement on, but it's certainly worth some fun money. Pedvco (PED)Pedvco Corp (NYSE:PED) stands for Pacific Energy Development Corp. It's an independent exploration and production company (E&P) that looks for oil and natural gas in Colorado's Niobrara Shale and Eagle Ford Shale in Texas.This is a good time to be an E&P, as the U.S. begins to ramp up energy exports. Not only does the solid economy bode well for demand growth, but overseas markets are paying premium prices for energy supplies, especially natural gas.There are new natural gas export facilities opening in the next few years, which will make natural gas an even more valuable commodity. * 7 Best ETFs for a Well-Balanced Portfolio What's more, the consolidation underway in the E&P sector bodes well for PED prospects of getting bought out by a bigger E&P or a diversified player. Up 560% in the past year, the stock is still trading a P/E below of 0.5. Yowza. Flexible Solutions International (FSI)Flexible Solutions International Inc (NYSE:FSI) is a Canada-based firm that has some interesting products built to conserve water and energy. One of its key products is a liquid blanket that you put over open water sources like swimming pools or fracking ponds to inhibit evaporation and maintain a stable temperature.Its other big product line is used by energy, utility, chemical and mining firms to prevent scaling and corrosion in water piping.This is an increasingly important aspect of the unconventional drilling methods that are used to get oil and natural gas out of the U.S. and Canadian shale regions. As those operations expand, so does FSI's potential business.The stock is up 94% year to date and still delivers an impressive 4.6% dividend. And its Q1 earnings report shows that growth is continuing. Sales were up 108% compared to the same quarter last year, and that includes a payment of $250,000 in U.S. tariffs. Net income was up almost 15%. And the P/E is still around 13. Sachem Capital (SACH)Sachem Capital Corp (NYSE:SACH) is a regional mortgage originator and lender of short-term loans (1-3 years) secured by first mortgage liens in the Connecticut, Massachusetts, New York and Rhode Island area.SACH primarily lends to acquire or renovate residential properties, acquire or construct properties or simply buy and hold existing properties. Given the short-term nature of the loans, much of the lending is to developers who build out properties and then sell them within the window.Given the low interest rate environment we're in currently, business is going to get even better since this is a great time to take on debt and lending is easier than it has been. * 10 Stocks to Buy That Could Be Takeover Targets This is borne out SACH's recent Q1 earnings in mid-May. Revenue was up 23% and net income was up 4%. The stock is up 33% for the year and it's still delivering a whopping 9.2% dividend. DHT Holdings (DHT)DHT Holdings Inc (NYSE:DHT) is an independent crude oil tanker company, with more than two dozen ships in its fleet.Most of these tankers are leased out to integrated oil companies to ship products around the world. Given the general growth in the global economy, and the expansion of export efforts in the U.S. market, tankers as a sector are doing well now. Usually, the summer is a slow time for them since much of the summer oil was delivered earlier for refining and in tanks for the summer demand season.The thing is, lower oil prices always mean that import-dependent countries stock up on oil and that keeps tanker fleets busy as well. DHT is up 47% YTD and that momentum should only increase if the trade wars dissipate. Plus, DHT also sports a 2.9% dividend, which comes in handy.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 7 A-Rated Stocks to Buy Under $10 appeared first on InvestorPlace.

  • Business Wire

    IGC Announces Continued Educational Initiatives in Support of Hyalolex

    India Globalization Capital, Inc. (IGC) announces that it will host educational conferences in two of the largest cities in Puerto Rico on April 27, 2019 (San Juan) and April 28, 2019 (Ponce) from 9:00 a.m. to 5:00 p.m. each day. The Company previously hosted an educational conference on Saturday, March 30, 2019, in San Juan. This full-day event was similarly organized as a forum for distinguished speakers, including cannabis educators and a quality of life specialist, to address managing Alzheimer’s disease with Cannabinoids.

  • Business Wire

    IGC Provides Corporate Updates

    India Globalization Capital, Inc. (IGC) announces today that, as of Wednesday, March 27, 2019, Hyalolex™, the Company’s cannabinoid-based, non-FDA approved product designed to assist in helping improve the lives of patients suffering from Alzheimer’s disease, will be available for purchase in select dispensaries in San Juan, Puerto Rico. The Company will host a doctor-patient education conference on Saturday, March 30, 2019, from 9:00 a.m. to 5:00 p.m., in San Juan, featuring several speakers. On January 24, 2019, the Company terminated its Licensing Agreement with DaMa Pharmaceutical, LLC, with a 90-day notice period, with the termination effective April 24, 2019, and the parties were unable to negotiate a replacement agreement.


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    Four Marijuana Stocks Green and Ready for the Picking

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  • Business Wire

    IGC Announces Successful Appeal of Delisting Proceedings and Imminent Relisting on NYSE American

    PINK: IGCC) announced today that it has successfully challenged NYSE American’s decision to delist the common stock of the Company from trading on the Exchange under the Exchange’s appeal procedures. In a written decision issued on February 20, 2019, a review panel of the Exchange unanimously ruled to set aside the Exchange’s October 29, 2018 decision to delist the Company’s common stock, finding that the Company has not discontinued the business it conducted at the time it was first listed on the Exchange.