24/7 Market News Snapshot 20 August, 2024 – N2OFF, Inc. Common Stock (NASDAQ:NITO)

August 20, 2024

DENVER, Colo., 20 August, 2024 (247marketnews.com) – (NASDAQ:NITO) are discussed in this article.
N2OFF, Inc. (NITO) has generated significant excitement in the market, revealing a sharp uptick in share value. The stock began trading today at $0.305 and rapidly increased by 82.95% to a current price of $0.364, reflecting a trading volume of over 5 million shares. This bullish momentum has captured the attention of investors who are optimistic about the company’s future prospects. Analysts note that the strong market activity could signal continued growth, positioning NITO as a notable investment opportunity in the penny stock landscape.

In addition to its stock market performance, N2OFF, Inc. is advancing its commitment to sustainability through a strategic initiative aimed at reducing food waste while generating alternative revenue streams through carbon credits. This initiative is spearheaded by its subsidiary, Save Foods Ltd., which has developed a patented treatment that extends the shelf life of fruits and vegetables. By improving the longevity of these essential food items, Save Foods not only addresses the critical issue of food waste but also facilitates the potential monetization of emission reductions associated with lost food.

To enhance this endeavor, Save Foods has partnered with Nibbana-Group, led by sustainability strategist Galit Kenigsberg. Recent assessments indicate that Save Foods’ innovative treatment may qualify for the Verra VM00046 methodology, which focuses on minimizing food loss at various stages within the supply chain. David Palach, CEO of N2OFF, highlighted the dual benefits of this initiative, stressing the potential for reduced costs for farmers and retailers while simultaneously creating pathways for securing food waste carbon credits.

N2OFF’s strategic moves in both the market and its sustainability efforts underline its dual commitment to financial growth and ecological responsibility, reinforcing its position as a forward-thinking company in the agri-tech and clean technology sectors.

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