Although the Atlantic Power Infrastructure (OTCMKTS:AWSL) stock was trading in a range on Wednesday, the company’s business is interesting and hence, it could be a good move for investors to take a closer look at it.
Market Action
On Wednesday, AWSL stock ended flat at $0.0950 with more than 89K shares, compared to its average volume of 61k shares. The stock has moved within a range of $0.0900 – 0.0970 after opening the trade at $0.0970.
Latest News
The company has a Scrap Tire Construction Products Division and that division uses K.B. Industries Technology for helping cutting on carbon dioxide emissions. The division uses scrap tires for the purpose of manufacturing productions that are used in construction. Scrap tires are generally incinerated and that produces harmful carbon dioxide into the atmosphere. However, the technology used by this division helps in the production of useful items like KBI Flexi-Twall and KBI Flexi-Pave.
At a time when the environment has become an important policy issue for governments all over the world, the work being done by Atlantic Power and Infrastructure is an important one. Investors could do well to keep an eye on the sort of work that that company is doing and the progress is makes in the coming months. As a matter of fact, the company also found mentioned in the opening statement from the British Prime Minister Boris Johnson at the Climate Conference.
Traders Note
AWSL stock is trading below the 20-Day and 50-Day Moving averages of $0.0935 and $0.0947 respectively. However, the stock is trading below the 200-Day moving average of $0.1145. The stock is up 69% over the past 3-month.
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