Omega Ukama 
THE price of Seed Co’s shares has more than doubled on the Zimbabwe Stock Exchange (ZSE) since the company announced plans to move to the Victoria Falls Stock Exchange (VFEX) a fortnight ago.
On January 18, the seed processor urged caution in the trading of its shares, stating that its directors had approved the migration of its listing to the US dollar-denominated VFEX, which has recently proven more appealing to issuers than the ZSE due to the relative ease with which funds can be raised there.
“Further announcements will be made in accordance with regulatory requirements as and when there are material developments.”
The stock closed that day at $103 but has since risen 111,79 percent to $218,15 per share.
Seed Co now has a year-to-date gain of 192,74 percent, 60 percentage points higher than second-placed Dairibord Holdings, which has an increase of 132,78 percent.
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