Orbia Advance (OTCMKTS:MXCHF) Stock Price Up 23.4% – Still a Buy?

Shares of Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHFGet Free Report) traded up 23.4% on Thursday . The company traded as high as $1.11 and last traded at $1.11. 4,200 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 2,150 shares. The stock had previously closed at $0.8998.

Orbia Advance Stock Up 23.4%

The stock’s fifty day moving average price is $0.91 and its 200 day moving average price is $0.85.

About Orbia Advance

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Orbia Advance Corporation, formerly known as Mexichem, is a global materials and solutions provider specializing in polymer-based technologies and infrastructure systems. The company operates five key business platforms: Fluorinated Solutions, Polymer Solutions, Precision Agriculture, Building and Infrastructure, and Data Communications. Its product portfolio includes fluoropolymers and refrigerant gases, PVC resins and compounds, drip-irrigation systems, water and gas piping networks, and fiber-optic microducts for broadband connectivity.

In its Fluorinated Solutions segment, Orbia supplies specialty chemicals such as PTFE, PVDF and FEP resins, along with refrigerants and industrial gases used in automotive, electronics and healthcare applications.

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