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Elementis (OTCMKTS:ELMTY) Trading Up 23.7% - Here's Why

Elementis logo with Basic Materials background

Key Points

  • Elementis shares experienced a significant increase of 23.7%, reaching a trading price of $10.65, with trading volume rising by 1,880% compared to its daily average.
  • The company operates as a specialty chemical company with two primary segments: Performance Specialties and Personal Care, focusing on additives and rheological modifiers.
  • Elementis has a quick ratio of 1.48, a current ratio of 2.64, and a debt-to-equity ratio of 0.29, indicating strong liquidity and low leverage.
  • Want stock alerts on Elementis? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Elementis (OTCMKTS:ELMTY - Get Free Report) shares rose 23.7% on Wednesday . The company traded as high as $10.65 and last traded at $10.65. Approximately 100 shares changed hands during mid-day trading, an increase of 1,880% from the average daily volume of 5 shares. The stock had previously closed at $8.61.

Elementis Stock Performance

The business's 50 day moving average is $8.16 and its two-hundred day moving average is $7.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.48.

Elementis Company Profile

(Get Free Report)

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.

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