REC Silicon ASA (OTCMKTS:RNWEF) Shares Up 1.5%

REC Silicon ASA (OTCMKTS:RNWEF) shares shot up 1.5% on Wednesday . The stock traded as high as $1.00 and last traded at $1.00. 5,010 shares were traded during trading, an increase of 66% from the average session volume of 3,022 shares. The stock had previously closed at $0.99.

REC Silicon ASA Stock Performance

The firm has a 50-day simple moving average of $0.97 and a two-hundred day simple moving average of $1.16.

REC Silicon ASA Company Profile

REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. It offers various Signature Silane gas, a pure form of silicon that produces product for fuel industries comprising specialty gases, including Dichlorosilane, Monochlorosilane, and Disilane for use in the manufacturing processes of flat panel displays, semiconductors, and solar cells; solar grade polysilicon, including NextSi used for multi crystalline and monocrystalline solar ingot and wafer production in the manufacturing of solar modules; and electronic grade polysilicon consisting of float zone-based devices are used in motor control and power conversion processes for hybrid and electric vehicles, wind energy, and high voltage transmission, 5G communications, high-speed trains, internet of things, and big data, as well as Czochralski for manufacturing of semiconductor wafers used in memory processors, optics, and micro electromechanical systems.