REC Silicon ASA (OTCMKTS:RNWEF) Shares Down 32.1% – Here’s Why

REC Silicon ASA (OTCMKTS:RNWEF)’s share price fell 32.1% on Thursday . The stock traded as low as $0.19 and last traded at $0.19. 182 shares traded hands during trading, a decline of 99% from the average session volume of 33,000 shares. The stock had previously closed at $0.28.

REC Silicon ASA Trading Down 32.1%

The company’s fifty day moving average is $0.23 and its 200 day moving average is $0.17.

About REC Silicon ASA

REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. It offers various Signature Silane gas, a pure form of silicon that produces product for fuel industries comprising specialty gases, including Dichlorosilane, Monochlorosilane, and Disilane for use in the manufacturing processes of flat panel displays, semiconductors, and solar cells; solar grade polysilicon, including NextSi used for multi crystalline and monocrystalline solar ingot and wafer production in the manufacturing of solar modules; and electronic grade polysilicon consisting of float zone-based devices are used in motor control and power conversion processes for hybrid and electric vehicles, wind energy, and high voltage transmission, 5G communications, high-speed trains, internet of things, and big data, as well as Czochralski for manufacturing of semiconductor wafers used in memory processors, optics, and micro electromechanical systems.