Avantium (OTCMKTS:AVTXF) Trading 6% Higher – Should You Buy?

Shares of Avantium (OTCMKTS:AVTXFGet Free Report) were up 6% during trading on Friday . The stock traded as high as C$8.13 and last traded at C$8.13. Approximately 100 shares traded hands during trading, a decline of 52% from the average daily volume of 210 shares. The stock had previously closed at C$7.67.

Avantium Price Performance

The firm’s 50 day simple moving average is C$7.62 and its two-hundred day simple moving average is C$12.11.

About Avantium

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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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