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Pinewood Technologies Group (OTCMKTS:PINWF) Shares Gap Down - Here's What Happened

Pinewood Technologies Group logo with Auto/Tires/Trucks background

Key Points

  • Pinewood Technologies Group's stock gapped down from a previous close of $7.25 to an opening price of $6.51 on Friday, indicating a significant drop in market value.
  • The last recorded trading volume for Pinewood Technologies Group was 100 shares, reflecting low investor activity.
  • The company's 50-day simple moving average stands at $4.63, while the 200-day simple moving average is $5.23, suggesting weaker performance over the longer term.
  • Pinewood Technologies Group manufactures industrial wood pellets used for electricity generation and home heating, catering to markets in North America, Asia, and Europe.
  • Interested in Pinewood Technologies Group? Here are five stocks we like better.

Pinewood Technologies Group PLC (OTCMKTS:PINWF - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.25, but opened at $6.51. Pinewood Technologies Group shares last traded at $6.51, with a volume of 100 shares traded.

Pinewood Technologies Group Stock Performance

The stock's 50 day simple moving average is $4.73 and its 200-day simple moving average is $5.14.

About Pinewood Technologies Group

(Get Free Report)

Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power.

See Also

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