Bontex (OTCMKTS:BOTX) Shares Up 453.3% – Still a Buy?

Shares of Bontex Inc. (OTCMKTS:BOTXGet Free Report) rose 453.3% during mid-day trading on Monday . The company traded as high as $0.3799 and last traded at $0.2988. 1,600 shares were traded during trading, an increase of 206% from the average session volume of 523 shares. The stock had previously closed at $0.0540.

Bontex Price Performance

The firm has a fifty day simple moving average of $0.20 and a 200 day simple moving average of $0.08.

Bontex Company Profile

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Bontex Inc manufactures and supplies specialty composite materials to customers worldwide. It offers cellulose board and light gauge products comprising cellulose fibers for products, such as visors, brims, and size bands for headwear, as well as insoles for footwear products; and treated elastomeric wet web impregnated substrates to resist mold type growth that causes odor in luggage. The company also provides non woven boards; and Strobel products. Its cellulose board and light gauge products are PVC, PU, or special size coated as per custom needs.

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