PureCycle Technologies (NASDAQ:PCTTW) Trading 14% Higher – Here’s What Happened

PureCycle Technologies, Inc. (NASDAQ:PCTTWGet Free Report)’s stock price rose 14% on Wednesday . The stock traded as high as $1.78 and last traded at $1.5050. Approximately 41,849 shares traded hands during trading, an increase of 107% from the average daily volume of 20,227 shares. The stock had previously closed at $1.32.

PureCycle Technologies Stock Performance

The company has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $2.98.

About PureCycle Technologies

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PureCycle Technologies, Inc is a sustainable materials company that develops and licenses patented recycling technology designed to restore post‐consumer polypropylene waste to virgin‐like quality. The company’s core business activity centers on an innovative solvent‐based purification process, which removes contaminants and impurities from recycled polypropylene feedstock. This approach yields a product known as PureCycle Resin, a recycled polymer suitable for use in food‐grade packaging, consumer goods, automotive components, and other applications that traditionally rely on virgin plastics.

PureCycle offers both proprietary technology licensing and finished‐resin sales.

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