Stock News Update: SenesTech (NASDAQ:SNES)

SenesTech (NASDAQ:SNES) stock observed trading -69.88% off 52-week high price. On the other end, the stock has been noted 12.96% away from low price over the last 52-weeks. The stock disclosed a move of -5.07% away from 50 day moving average and -48.63% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.16% off 20-day moving average. It has market cap of $16.98M.

On Jan. 8, 2020, SenesTech (NASDAQ:SNES) a developer of proprietary technologies for managing animal pest populations through fertility control, released that it was launching a deployment project with Island Conservation. The project will specifically look at developing further protocols for deploying ContraPest® in environmentally sensitive areas, such as corporate campuses and conservation areas. Island Conservation and its corporate partners will purchase the ContraPest from SenesTech on standard terms, and SenesTech will contribute planning and deployment support.

This project will potentially open up two distinct verticals for us, sustainably managed corporate campuses and environmentally sensitive conservation areas, partnered with a leading authority on sustainable environmental practices, said Kenneth Siegel, SenesTech’s CEO.  As with our other deployment projects, we specifically target the highest impact opportunities.

Because invasive rodent eradications on islands has become a mainstream intervention to prevent species extinctions and protect island communities, the island restoration community is in need of a diversified toolbox to take on bigger and more complex island eradications.  This project will allow us to evaluate deployment strategies for Contrapest in island biosecurity settings (prevention and detection), and in control settings to protect threatened species, said Gregg Howald, Island Conservation’s Director of Global and External Affairs.  The goal of this project is to determine how best to use ContraPest at scale to sustainably control a rodent population. We will start deployment in the corporate campus type of environment at approximately two stations per acre, then optimize deployment to maintain populations as the project progresses. We look forward to demonstrating that ContraPest will have all the benefits of controlling rats while eliminating the risks from traditional pesticide-based tools.

The USA based company SenesTech moved with change of 3.03% to $0.59 with the total traded volume of 56382 shares in last session versus to an average volume of 105.84K. The stock was observed in the 5 days activity at 6.80%. The one month performance of stock was 0.38%. SNES’s shares are at -30.89% for the quarter and driving a -27.86% return over the course of the past year and is now at 6.80% since this point in 2018.   The average volatility for the week and month was at 9.98% and 8.09% respectively. There are 28.91M shares outstanding and 25.86M shares are floated in market.

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