Cavitation Technologies, Inc. (OTCMKTS:CVAT – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.03 and traded as low as $0.0250. Cavitation Technologies shares last traded at $0.0270, with a volume of 1,627,134 shares trading hands.
Cavitation Technologies Trading Down 15.4%
The firm’s 50-day moving average price is $0.04 and its two-hundred day moving average price 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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