Carbios SAS (OTCMKTS:COOSF – Get Free Report)’s share price fell 24.6% during trading on Thursday . The stock traded as low as $11.19 and last traded at $11.99. 5,364 shares traded hands during mid-day trading, an increase of 535% from the average session volume of 845 shares. The stock had previously closed at $15.90.
Carbios SAS Stock Performance
The business’s 50-day simple moving average is $10.92 and its 200-day simple moving average is $10.12.
Carbios SAS Company Profile
Carbios SAS is a France‐based biotechnology company specializing in the development of enzymatic processes to recycle and biodegrade PET plastics and polyester textiles. Founded in 2011 and headquartered in Clermont-Ferrand, Carbios has pioneered industrial enzymes capable of depolymerizing post‐consumer PET into its original monomers. These monomers can then be purified and repolymerized into virgin‐quality PET, offering a circular solution to plastic waste.
The company’s core technology relies on proprietary engineered hydrolase enzymes that accelerate the breakdown of polyethylene terephthalate under mild conditions.
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