Avantium (OTCMKTS:AVTXF – Get Free Report)’s share price fell 27.6% during trading on Thursday . The stock traded as low as C$8.47 and last traded at C$8.47. 101 shares were traded during mid-day trading, a decline of 52% from the average session volume of 211 shares. The stock had previously closed at C$11.70.
Avantium Price Performance
The company has a 50-day simple moving average of C$9.69 and a 200 day simple moving average of C$8.39.
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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