PureCycle Technologies (NASDAQ:PCTTW) Trading Down 8.4% – Here’s What Happened

PureCycle Technologies, Inc. (NASDAQ:PCTTWGet Free Report)’s share price was down 8.4% during mid-day trading on Thursday . The stock traded as low as $2.74 and last traded at $2.74. Approximately 151 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 26,301 shares. The stock had previously closed at $2.99.

PureCycle Technologies Stock Down 8.4%

The stock’s 50 day moving average price is $2.66 and its 200 day moving average price is $1.48.

About PureCycle Technologies

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PureCycle Technologies, Inc is a sustainable materials company that develops and licenses patented recycling technology designed to restore post‐consumer polypropylene waste to virgin‐like quality. The company’s core business activity centers on an innovative solvent‐based purification process, which removes contaminants and impurities from recycled polypropylene feedstock. This approach yields a product known as PureCycle Resin, a recycled polymer suitable for use in food‐grade packaging, consumer goods, automotive components, and other applications that traditionally rely on virgin plastics.

PureCycle offers both proprietary technology licensing and finished‐resin sales.

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