Shares of Cavitation Technologies, Inc. (OTCMKTS:CVAT – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $0.03 and traded as low as $0.0294. Cavitation Technologies shares last traded at $0.0317, with a volume of 1,003,647 shares trading hands.
Cavitation Technologies Stock Performance
The company’s fifty day simple moving average is $0.04 and its two-hundred day simple moving average is $0.03.
About Cavitation Technologies
Cavitation Technologies, Inc develops and commercializes proprietary systems based on hydrodynamic cavitation, a process that uses controlled fluid dynamics to improve chemical and physical reactions. The company’s technology is designed to help industrial customers increase processing efficiency, reduce resource use, and improve the quality of finished products.
Its primary product applications include the refining and processing of edible oils, the production of biodiesel and other renewable fuels, and water and wastewater treatment.
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