PureCycle Technologies, Inc. (NASDAQ:PCTTU – Get Free Report) rose 1.6% during mid-day trading on Friday . The stock traded as high as $6.20 and last traded at $6.20. Approximately 100 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 540 shares. The stock had previously closed at $6.10.
PureCycle Technologies Trading Up 1.6%
The business has a fifty day moving average of $6.18 and a 200-day moving average of $10.78.
About PureCycle Technologies
PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.
The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.
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