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Why Did Agape ATP Corporation (ATPC) Plunge 12.5% After $24 Billion Supply Deals?
Generated by AI AgentAinvest Movers Radar
Friday, Apr 4, 2025 8:44 am ET1min read
Agape ATP Corporation (ATPC) experienced a significant drop of 12.5% in pre-market trading on April 4, 2025, following the announcement of two Sales and Purchase Agreements worth approximately $24 billion with Swiss One Oil & Gas
.Despite the substantial supply agreements, the stock price of
(ATPC) has been under pressure. The company announced two Sales and Purchase Agreements (SPAs) with Swiss One Oil & Gas AG, under which Green Energy will supply EN590 10PPM jet fuel. This move is part of the company's strategy to expand its green energy portfolio and secure long-term supply contracts.Investors may be concerned about the potential impact of these agreements on the company's financial health and operational efficiency. The significant drop in stock price suggests that the market is not fully convinced about the benefits of these agreements, possibly due to concerns about execution risks or the overall market sentiment towards the energy sector.
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