Abtech (OTCMKTS:ABHD) Stock Jumps 2.9% – Here’s Why

Shares of Abtech Holdings Inc (OTCMKTS:ABHD) shot up 2.9% during trading on Friday. The stock traded as high as $1.08 and last traded at $1.08. Approximately 500 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 977 shares. The stock had previously closed at $1.05.

Abtech Stock Up 2.9%

The firm’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $1.08.

About Abtech

Abtech Holdings, Inc. develops environmental technologies designed to help remove pollutants from water. The company is best known for its Smart Sponge product line, which uses specialized materials to absorb and capture hydrocarbons and other contaminants. Its products have been marketed for applications including stormwater management, industrial and commercial spill response, marine and transportation-related pollution control, and wastewater treatment. The company’s solutions are intended to support the collection and remediation of oil, fuels, and other pollutants before they enter waterways or spread through the environment.