Pinewood Technologies Group (OTCMKTS:PINWF) Shares Down 3.2% – Here’s Why

Shares of Pinewood Technologies Group PLC (OTCMKTS:PINWFGet Free Report) dropped 3.2% during trading on Wednesday . The stock traded as low as $6.30 and last traded at $6.30. Approximately 305 shares changed hands during trading, The stock had previously closed at $6.51.

Pinewood Technologies Group Stock Performance

The firm has a 50 day moving average price of $6.41 and a 200-day moving average price of $5.04.

About Pinewood Technologies Group

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Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power.

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