Tomra Systems ASA (OTCMKTS:TMRAY) Trading Up 3.5% – Here’s What Happened

Tomra Systems ASA (OTCMKTS:TMRAY)’s share price shot up 3.5% during trading on Tuesday . The stock traded as high as $12.0450 and last traded at $12.00. 791 shares were traded during trading, a decline of 71% from the average session volume of 2,690 shares. The stock had previously closed at $11.59.

Tomra Systems ASA Price Performance

The business has a 50-day simple moving average of $12.48 and a two-hundred day simple moving average of $13.02.

About Tomra Systems ASA

Tomra Systems ASA, headquartered in Asker, Norway, is a leading provider of sensor‐based sorting and collection solutions for the recycling, food and mining industries. The company’s core offering centers on reverse vending machines (RVMs) that automate the collection and sorting of used beverage containers in deposit‐return schemes. In addition, Tomra designs and manufactures advanced sorting equipment that employs near‐infrared (NIR), X-ray and laser technologies to separate materials such as plastics, metals, glass and paper, as well as to optimize yield and quality in food processing operations.

Founded in 1972 by brothers Petter and Tore Planke, Tomra pioneered the use of automated collection technology to support environmental sustainability and resource recovery.