Cleanaway Waste Management (OTCMKTS:TSPCF) Shares Down 3.5% – Here’s Why

Cleanaway Waste Management Limited (OTCMKTS:TSPCF)’s stock price was down 3.5% during trading on Monday . The stock traded as low as $1.79 and last traded at $1.79. Approximately 156 shares traded hands during trading, a decline of 95% from the average daily volume of 2,974 shares. The stock had previously closed at $1.8550.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on Cleanaway Waste Management in a report on Wednesday, December 10th. They issued a “buy” rating and a $3.15 price objective for the company. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Cleanaway Waste Management has an average rating of “Buy” and an average price target of $3.15.

Cleanaway Waste Management Price Performance

The business has a 50-day moving average price of $1.77 and a 200 day moving average price of $1.81.

Cleanaway Waste Management Company Profile

Cleanaway Waste Management is a leading provider of integrated waste management and resource recovery services in Australia, New Zealand and select operations in Hong Kong. The company offers a full range of solutions including general and hazardous waste collection, recycling, treatment and disposal across municipal, industrial and commercial sectors. Its service offerings encompass organics composting, material recovery facilities, high-temperature incineration, secure shredding and landfill management, all supported by an extensive fleet of collection vehicles and transfer stations.

Founded in 1979, Cleanaway has expanded through organic growth and strategic acquisitions to establish a significant presence in both metropolitan and regional markets.