Carbios SAS (OTCMKTS:COOSF – Get Free Report) fell 1.5% on Tuesday . The stock traded as low as $7.00 and last traded at $7.00. 381 shares traded hands during trading, a decline of 62% from the average session volume of 1,009 shares. The stock had previously closed at $7.11.
Carbios SAS Stock Performance
The firm’s 50 day simple moving average is $7.12 and its 200-day simple moving average is $8.89.
Carbios SAS Company Profile
Carbios SAS is a France?based biotechnology company specializing in the development of enzymatic processes to recycle and biodegrade PET plastics and polyester textiles. Founded in 2011 and headquartered in Clermont-Ferrand, Carbios has pioneered industrial enzymes capable of depolymerizing post?consumer PET into its original monomers. These monomers can then be purified and repolymerized into virgin?quality PET, offering a circular solution to plastic waste.
The company’s core technology relies on proprietary engineered hydrolase enzymes that accelerate the breakdown of polyethylene terephthalate under mild conditions.
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