Basanite (OTCMKTS:BASA) Announces Earnings Results

Basanite (OTCMKTS:BASA) posted its earnings results on Sunday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

Basanite Trading Up 9.8%

Basanite stock opened at $0.02 on Tuesday. The company has a 50 day moving average of $0.02 and a 200-day moving average of $0.03. Basanite has a twelve month low of $0.01 and a twelve month high of $0.07.

About Basanite

Basanite, Inc engages in the basalt fiber reinforced polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacement for other FRP rebar and industry fiber products, as wells as steel reinforcement. The company was formerly known as PayMeOn, Inc and changed its name to Basanite, Inc in December 2018. The company was founded in 2006 and is headquartered in Pompano Beach, Florida.