Verbio (OTCMKTS:VBVBF) Trading Up 97.8% – Time to Buy?

Verbio SE (OTCMKTS:VBVBF) shares shot up 97.8% during trading on Thursday . The stock traded as high as $28.45 and last traded at $28.45. 100 shares traded hands during trading, a decline of 80% from the average session volume of 500 shares. The stock had previously closed at $14.38.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Verbio in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Verbio Price Performance

The stock has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $15.28.

Verbio Company Profile

Verbio AG is a Germany-based renewable energy company focused on the production and sale of biofuels and biogas. The company’s core activities include the manufacturing of bioethanol from agricultural feedstocks such as grain and straw, the processing of rapeseed oil into biodiesel, and the upgrading of biogas into biomethane for injection into natural gas networks. In addition to liquid and gaseous fuels, Verbio produces animal feed and pellets, leveraging by-products from its biofuel plants.

Operating a network of production facilities across Germany—including sites in Leipzig, Schwedt, Zörbig, Neubrandenburg and Pinnow—Verbio serves industrial and utility customers throughout Europe.