Basanite, Inc. (OTCMKTS:BASA – Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.02 and traded as low as $0.0180. Basanite shares last traded at $0.0180, with a volume of 63,015 shares changing hands.
Basanite Stock Down 10.9%
The company has a 50-day moving average price of $0.02 and a two-hundred day moving average price of $0.02.
About Basanite
Basanite, Inc is a materials and construction-products company focused on basalt fiber reinforced polymer (BFRP) products. Its offerings are designed as alternatives to conventional steel reinforcement in concrete and other infrastructure applications, with an emphasis on corrosion resistance, durability and lightweight construction.
The company’s product portfolio includes basalt fiber reinforcement products such as rebar and related mesh or structural reinforcement materials marketed for use in roads, bridges, buildings, marine structures and other concrete applications.
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