Bio Nitrogen Corp. (BION), formerly went by Hidenet Secure Architectures Inc. until November 2011 is based out of Doral, Florida. This company makes urea (a white crystalline solid that contains 46% nitrogen) that is used for a crop fertilizer. Natural gas nor chemicals are used, but uses agricultural biomass as a feed stock. BION turns the waste to high quality urea fertilizer and is in turn put up for sale to wholesalers and retailers. Annual production per plant is about 124,200 tons.
Not only is urea used in fertilizer, but in many products that we use everyday. Some of these products include toilet bowl cleaner, dishwasher detergents, hair coloring products, and also in dermatological products that re-hydrate the skin. There are many more various uses for this product as well, not just limited to those listed above.
This stock is currently trading for $.15. So far for the day it has seen a high of $.18. The previous close for this stock was $.18. Over the past 52 weeks, this stock has seen a low of $.0030 and a high all the way up to $1.75. This company's market cap is at $33.68M.
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Carlos A. Contreras, Sr.
Bryan B. Kornegay Jr.
Mario G. Beruvides Ph.D
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.