PureCycle Technologies (NASDAQ:PCTTW) Stock Price Up 14% – Still a Buy?

PureCycle Technologies, Inc. (NASDAQ:PCTTWGet Free Report)’s share price was up 14% during mid-day trading on Wednesday . The stock traded as high as $1.78 and last traded at $1.5050. Approximately 41,849 shares were traded during trading, an increase of 107% from the average daily volume of 20,227 shares. The stock had previously closed at $1.32.

PureCycle Technologies Trading Up 14.0%

The firm’s 50-day moving average is $1.14 and its two-hundred day moving average is $2.98.

About PureCycle Technologies

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PureCycle Technologies, Inc is a sustainable materials company that develops and licenses patented recycling technology designed to restore post‐consumer polypropylene waste to virgin‐like quality. The company’s core business activity centers on an innovative solvent‐based purification process, which removes contaminants and impurities from recycled polypropylene feedstock. This approach yields a product known as PureCycle Resin, a recycled polymer suitable for use in food‐grade packaging, consumer goods, automotive components, and other applications that traditionally rely on virgin plastics.

PureCycle offers both proprietary technology licensing and finished‐resin sales.

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