Verbio (OTCMKTS:VBVBF) Trading 97.8% Higher – Should You Buy?

Verbio SE (OTCMKTS:VBVBF) was up 97.8% on Thursday . The company traded as high as $28.45 and last traded at $28.45. Approximately 100 shares were traded during trading, a decline of 80% from the average daily volume of 500 shares. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Verbio in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Verbio Stock Performance

The stock has a 50-day moving average of $17.13 and a 200-day moving average of $15.17.

Verbio Company Profile

Verbio AG is a Germany-based renewable energy company focused on the production and sale of biofuels and biogas. The company’s core activities include the manufacturing of bioethanol from agricultural feedstocks such as grain and straw, the processing of rapeseed oil into biodiesel, and the upgrading of biogas into biomethane for injection into natural gas networks. In addition to liquid and gaseous fuels, Verbio produces animal feed and pellets, leveraging by-products from its biofuel plants.

Operating a network of production facilities across Germany—including sites in Leipzig, Schwedt, Zörbig, Neubrandenburg and Pinnow—Verbio serves industrial and utility customers throughout Europe.