Elkem ASA (OTCMKTS:ELKEF) Trading 20.3% Higher – Should You Buy?

Elkem ASA (OTCMKTS:ELKEFGet Free Report) shares shot up 20.3% during trading on Monday . The company traded as high as $2.85 and last traded at $2.85. 250 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,100 shares. The stock had previously closed at $2.37.

Elkem ASA Price Performance

The firm has a 50 day moving average price of $2.60 and a 200 day moving average price of $2.50.

Elkem ASA Company Profile

(Get Free Report)

Elkem ASA is a Norway‐based company specializing in the production and development of advanced materials derived primarily from silicon, carbon, and microsilica. The company supplies a wide range of industries, including automotive, electronics, construction, energy, and environmental applications. Its product portfolio is designed to enhance material performance, energy efficiency, and sustainability across diverse end markets.

Key products and services offered by Elkem include silicones, which serve sectors such as personal care, automotive seals, and electronics encapsulation; silicon alloys such as ferrosilicon and silicon metal used in aluminum and steel production; and microsilica, a highly reactive silica fume used to improve concrete strength and durability.

Read More

Receive News & Ratings for Elkem ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elkem ASA and related companies with MarketBeat.com's FREE daily email newsletter.