Neptune Shares Spike 31% on Hand Sanitizer Production Frenzy

Neptune Wellness Solutions Inc.’s shares (NEPT) popped more than 30% on Thursday following plans to boost its weekly production of hand sanitizer to over 1 million units to meet strong demand fueled by the coronavirus outbreak.Neptune, a Canadian-based producer of health products, announced that its subsidiary Biodroga, has accelerated the production of hand sanitizers ahead of time in response to a supply shortage and strong demand from North American retail and government customers as the COVID-19 pandemic continues to take its toll.The company plans to begin shipping the hand sanitizer next week, including fulfilling a purchase order from a large …read more

Source:: Yahoo Finance

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