Symbid (OTCMKTS:SINC) Shares Up 1,500% - Here's Why

Key Points

• Symbid Corp. shares surged by 1,500% on Thursday, with the stock reaching a high of $1.00 from a previous close of $0.06.
• Trading volume for the day was significantly low, with only 609 shares traded compared to an average of 3,655,639 shares.
• The company primarily focuses on providing packing materials for various industries, including automotive and packaging, with a strong emphasis on products for perishable foods.

Symbid Corp. (OTCMKTS:SINC - ) shares shot up 1,500% on Thursday . The company traded as high as $1.00 and last traded at $1.00. 609 shares were traded during mid-day trading, a decline of 100% from the average session volume of 3,655,639 shares. The stock had previously closed at $0.06.

Symbid Price Performance

The stock has a 50 day moving average of $0.02 and a two-hundred day moving average of $0.01.

Symbid Company Profile

Sincerity Applied Materials Holdings Corp. provides packing materials for the automotive, packaging, building and construction, and engineering industries in Australia, Asia, and the Middle East. The company primarily offers breathable plastic films and modified atmosphere packaging products for the packaging of perishable foods, as well as extruded plastic components comprising moldings, auto interior components, kitchen splash backs, etc.

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