Hexagon Composites ASA (OTCMKTS:HXGCF – Get Free Report) shares dropped 3.8% on Friday . The company traded as low as $0.9328 and last traded at $0.9328. 1,000 shares were traded during mid-day trading, a decline of 88% from the average session volume of 8,450 shares. The stock had previously closed at $0.9696.
Hexagon Composites ASA Stock Performance
The stock’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $0.90.
About Hexagon Composites ASA
Hexagon Composites ASA (OTCMKTS: HXGCF) is a Norway‐based industrial company specializing in the design, manufacture and distribution of advanced composite pressure cylinders and gas storage systems. Headquartered in Asker, the company develops Type III and Type IV cylinders engineered to safely store and transport environmentally friendly gases, including compressed natural gas (CNG), renewable natural gas (RNG), hydrogen and liquefied petroleum gas (LPG). Its solutions are used across a broad range of applications—from commercial transport and industrial gas handling to energy refueling stations.
Originally founded in the early 1980s to serve the emerging market for lightweight pressure vessels, Hexagon has expanded through organic growth and strategic acquisitions to become a global leader in composite cylinder technology.
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