Borregaard ASA (OTCMKTS:BRRDF) Stock Price Up 23.5% – Here’s Why

Borregaard ASA (OTCMKTS:BRRDFGet Free Report) shares rose 23.5% during mid-day trading on Thursday . The company traded as high as $19.45 and last traded at $19.45. Approximately 100 shares changed hands during trading, a decline of 96% from the average daily volume of 2,440 shares. The stock had previously closed at $15.75.

Borregaard ASA Trading Up 23.5%

The stock has a fifty day simple moving average of $17.37 and a 200-day simple moving average of $17.39.

About Borregaard ASA

(Get Free Report)

Borregaard ASA engages in the development, production, and marketing of specialized biomaterials and biochemicals in Norway, rest of Europe, the United States, Asia, and internationally. It operates in three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment develops, produces, and sells biopolymers for various applications, such as agrochemicals, batteries, industrial binders, and construction; and biovanillin for flavor and fragrance companies, as well as for food and beverage industry.

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