Ceres Inc. (CERE) Is Up Sharply On Patent News

Ceres Inc. (CERE) announced Wednesday morning that it has been awarded a U.S. patent for a genetic sequence derived from soybean.

Ceres has been rising sharply since the open of trade Wednesday and is now up 1.05 at $2.73 on above average volume. The stock has surged to a 2-week high and has re-crossed its 50 and 200-day moving averages.

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