The Beston Global Food Company Ltd (ASX: BFC) share price has been one of the biggest movers on the local share market today.
In afternoon trade the food company's shares are up 8.5% to 25.5 cents.
What happened?
This morning the company released its latest investor presentation and it appears to have gone down well with the market.
One thing that may have caught the eye of investors in the presentation is that its shares are changing hands far below its net tangible assets.
According to the presentation, Beston Global Food's audited NTA stands at 31 cents per share, meaning its shares are trading 16% lower.
Furthermore, the company revealed that based on its current sales run rate, second-half sales are expected to be up by between 20% and 30% on the first-half. Net profit after tax is also expected to increase by a similar order of magnitude.
