Shares of Avantium (OTCMKTS:AVTXF – Get Free Report) fell 5.7% on Friday . The company traded as low as C$7.99 and last traded at C$7.99. 472 shares traded hands during trading, an increase of 99% from the average daily volume of 237 shares. The stock had previously closed at C$8.47.
Avantium Stock Down 5.7%
The business has a 50 day moving average of C$9.69 and a two-hundred day moving average of C$8.65.
Avantium Company Profile
Avantium N.V. is a Netherlands-based technology company specializing in the development and commercialization of renewable chemistry solutions. The company focuses on the design of catalytic processes to convert plant-based sugars into high-performance materials, chemicals and fuels. Its core offering revolves around proprietary technologies that address both material performance and environmental sustainability, targeting industries such as packaging, coatings and specialty chemicals.
A flagship product of Avantium is polyethylene furanoate (PEF), a 100% plant-based polymer designed to replace conventional polyethylene terephthalate (PET) in applications including bottles, films and fibers.
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