PureCycle Technologies, Inc. (NASDAQ:PCTTW – Get Free Report)’s stock price was down 25.3% during trading on Wednesday . The company traded as low as $4.50 and last traded at $3.5260. Approximately 402 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 29,686 shares. The stock had previously closed at $4.72.
PureCycle Technologies Stock Down 15.8%
The business’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.17.
PureCycle Technologies Company Profile
PureCycle Technologies, Inc is a sustainable materials company that develops and licenses patented recycling technology designed to restore post‐consumer polypropylene waste to virgin‐like quality. The company’s core business activity centers on an innovative solvent‐based purification process, which removes contaminants and impurities from recycled polypropylene feedstock. This approach yields a product known as PureCycle Resin, a recycled polymer suitable for use in food‐grade packaging, consumer goods, automotive components, and other applications that traditionally rely on virgin plastics.
PureCycle offers both proprietary technology licensing and finished‐resin sales.
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