Shares of Avantium (OTCMKTS:AVTXF – Get Free Report) shot up 14.5% during trading on Thursday . The company traded as high as C$7.67 and last traded at C$7.67. 100 shares were traded during mid-day trading, a decline of 52% from the average session volume of 210 shares. The stock had previously closed at C$6.70.
Avantium Stock Performance
The firm’s 50 day moving average price is C$7.99 and its two-hundred day moving average price is C$13.33.
About Avantium
Avantium N.V. is a Netherlands-based technology company specializing in the development and commercialization of renewable chemistry solutions. The company focuses on the design of catalytic processes to convert plant-based sugars into high-performance materials, chemicals and fuels. Its core offering revolves around proprietary technologies that address both material performance and environmental sustainability, targeting industries such as packaging, coatings and specialty chemicals.
A flagship product of Avantium is polyethylene furanoate (PEF), a 100% plant-based polymer designed to replace conventional polyethylene terephthalate (PET) in applications including bottles, films and fibers.
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