Shares of Carbios SAS (OTCMKTS:COOSF – Get Free Report) dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $7.00 and last traded at $7.00. 381 shares changed hands during trading, a decline of 62% from the average session volume of 1,009 shares. The stock had previously closed at $7.11.
Carbios SAS Price Performance
The company has a 50 day moving average price of $7.09 and a 200-day moving average price of $8.86.
Carbios SAS Company Profile
Carbios SAS is a France‐based biotechnology company specializing in the development of enzymatic processes to recycle and biodegrade PET plastics and polyester textiles. Founded in 2011 and headquartered in Clermont-Ferrand, Carbios has pioneered industrial enzymes capable of depolymerizing post‐consumer PET into its original monomers. These monomers can then be purified and repolymerized into virgin‐quality PET, offering a circular solution to plastic waste.
The company’s core technology relies on proprietary engineered hydrolase enzymes that accelerate the breakdown of polyethylene terephthalate under mild conditions.
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