Pinnacle Renewable Energy (OTCMKTS:PINWF) Trading Down 51.4% – Here’s What Happened

Shares of Pinnacle Renewable Energy Inc. (OTCMKTS:PINWFGet Free Report) were down 51.4% on Tuesday . The stock traded as low as $4.35 and last traded at $4.35. Approximately 100 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 8,300 shares. The stock had previously closed at $8.95.

Pinnacle Renewable Energy Price Performance

The company has a 50-day simple moving average of $8.37 and a two-hundred day simple moving average of $8.78.

Pinnacle Renewable Energy Company Profile

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Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power.

Further Reading

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