Elkem ASA (OTCMKTS:ELKEF) Trading Down 6.5% – Should You Sell?

Elkem ASA (OTCMKTS:ELKEFGet Free Report) dropped 6.5% during mid-day trading on Friday . The company traded as low as $2.15 and last traded at $2.15. Approximately 150 shares changed hands during trading, a decline of 98% from the average daily volume of 6,275 shares. The stock had previously closed at $2.30.

Elkem ASA Trading Down 6.5%

The business’s fifty day moving average price is $2.07 and its 200-day moving average price is $1.94.

Elkem ASA Company Profile

(Get Free Report)

Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The company offers silicones polymers, including silicone oils, compounds, emulsions, grease, and resins, as well as chlorosilanes, heat cured rubber silicone, liquid silicone rubber, and RTV-1 and RTV-2 silicones.

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