Shares of PureCycle Technologies, Inc. (NASDAQ:PCTTW – Get Free Report) fell 21.2% during trading on Wednesday . The company traded as low as $2.05 and last traded at $2.12. 10,962 shares changed hands during trading, a decline of 60% from the average session volume of 27,632 shares. The stock had previously closed at $2.69.
PureCycle Technologies Stock Performance
The stock’s 50 day simple moving average is $2.26 and its 200 day simple moving average is $1.36.
About PureCycle Technologies
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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