Hangfeng Evergreen (HF-T) rallies above $4 today on strong volume. HF has been advancing over the past few weeks. Today's material news:
TORONTO, March 23 /CNW/ - Hanfeng Evergreen Inc. ("Hanfeng" or the "Company") has entered into a Letter of Intent with the China National Hybrid Rice R&D Center (the "Center") for a program of field trials and marketing of Hanfeng's Sulfur Coated Urea (SCU) slow-release fertilizer in China's main rice growing regions. The field testing will focus on measuring and recording the effectiveness of SCU to increase rice crop yield and quality. This ground- breaking cooperation is headed by world-renowned scientist, Dr. Yuan Longping, Director of the Center, and revered throughout the developing world as the "Father of Hybrid Rice".
HF has been a Stock Trends TSX Portfolio holding since January 26.