Carbios SAS (OTCMKTS:COOSF – Get Free Report)’s stock price dropped 9.1% on Wednesday . The company traded as low as $6.50 and last traded at $6.50. Approximately 1,875 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 1,047 shares. The stock had previously closed at $7.15.
Carbios SAS Trading Down 9.1%
The stock has a 50-day moving average price of $7.94 and a 200 day moving average price of $9.88.
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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