Shares of Corbion (OTCMKTS:CSNVY – Get Free Report) were down 9.6% during trading on Thursday . The stock traded as low as $23.06 and last traded at $23.06. Approximately 584 shares changed hands during trading, a decline of 34% from the average daily volume of 881 shares. The stock had previously closed at $25.50.
Corbion Trading Down 9.6%
The firm’s 50-day moving average price is $22.59 and its 200-day moving average price is $21.33.
About Corbion
Corbion NV (OTCMKTS: CSNVY) is a global leader in sustainable food and biobased ingredients. Headquartered in Amsterdam, the company specializes in the development, production and sale of lactic acid and its derivatives, emulsifiers, enzymes and bio-preservation solutions. Corbion’s products are used to improve food quality and safety, extend shelf life, enhance nutritional value and support environmentally friendly materials.
The company’s core offerings include high-purity lactic acid, lactides for use in polylactic acid (PLA) bioplastics, and a range of specialty emulsifiers and enzymes for bakery, dairy, meat and plant-based applications.
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