PureCycle Technologies (NASDAQ:PCTTW) Shares Up 5.6% – Here’s What Happened

Shares of PureCycle Technologies, Inc. (NASDAQ:PCTTWGet Free Report) shot up 5.6% on Wednesday . The company traded as high as $1.15 and last traded at $1.1510. 6,069 shares traded hands during trading, a decline of 56% from the average session volume of 13,774 shares. The stock had previously closed at $1.09.

PureCycle Technologies Stock Up 5.6%

The company’s fifty day moving average price is $1.80 and its 200-day moving average price is $3.38.

PureCycle Technologies Company Profile

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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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