Alliance Bioenergy Plus (OTCMKTS:ALLM) Share Price Passes Above 50 Day Moving Average – Here’s Why

Alliance Bioenergy Plus, Inc. (OTCMKTS:ALLM)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.28 and traded as high as $0.2950. Alliance Bioenergy Plus shares last traded at $0.28, with a volume of 329,500 shares traded.

Alliance Bioenergy Plus Price Performance

The stock has a 50-day moving average of $0.28 and a 200-day moving average of $0.28.

Alliance Bioenergy Plus Company Profile

Alliance Bioenergy Plus, Inc (OTCMKTS:ALLM) is a renewable energy company focused on the development of integrated biorefineries for the production of cellulosic ethanol and advanced bioproducts. The company’s mission is to deliver sustainable fuel solutions by converting low-cost biomass such as green field grasses, agricultural residues and sweet sorghum into high-value biofuels. Headquartered in Addison, Texas, Alliance Bioenergy Plus pursues a business model that combines research and development with engineering, procurement and construction services for commercial-scale facilities.

At the core of Alliance Bioenergy Plus’s technology platform is its proprietary pretreatment and fermentation processes, which are designed to enhance the conversion efficiency of lignocellulosic feedstocks.