Planet Green (NYSEAMERICAN:PLAG) Shares Up 8.9% – Here’s What Happened

Shares of Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) traded up 8.9% on Monday . The company traded as high as $1.8650 and last traded at $1.84. 38,121 shares were traded during mid-day trading, a decline of 77% from the average session volume of 169,408 shares. The stock had previously closed at $1.69.

Planet Green Stock Performance

The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $17.26 million, a PE ratio of -4.84 and a beta of 0.81. The firm’s 50-day simple moving average is $2.75 and its 200-day simple moving average is $2.31.

About Planet Green

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.