Basanite (OTCMKTS:BASA) Posts Quarterly Earnings Results

Basanite (OTCMKTS:BASA) released its quarterly earnings results on Sunday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Basanite Stock Up 9.8%

Basanite stock opened at $0.02 on Tuesday. Basanite has a one year low of $0.01 and a one year high of $0.07. The stock’s 50 day moving average is $0.02 and its 200 day moving average is $0.03.

About Basanite

Basanite, Inc engages in the basalt fiber reinforced polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacement for other FRP rebar and industry fiber products, as wells as steel reinforcement. The company was formerly known as PayMeOn, Inc and changed its name to Basanite, Inc in December 2018. The company was founded in 2006 and is headquartered in Pompano Beach, Florida.