PureCycle Technologies (NASDAQ:PCTTU) Shares Up 18.3% – Time to Buy?

PureCycle Technologies, Inc. (NASDAQ:PCTTUGet Free Report) shares were up 18.3% during mid-day trading on Monday . The company traded as high as $13.03 and last traded at $13.01. Approximately 1,300 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 2,823 shares. The stock had previously closed at $11.00.

PureCycle Technologies Stock Performance

The firm’s 50-day simple moving average is $12.77 and its 200-day simple moving average is $12.55.

PureCycle Technologies Company Profile

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PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.

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