Cereplast Inc (OTCMKTS:CERP) shares trading high with new peaks

824

Dallas, Texas 07/31/2013 (Financialstrend) – Shares of Cereplast Inc (OTCMKTS:CERP) had been moving bullish in the recent days owing to the hope that the company’s future planned projects would prove successful to push up the businesses which had recently been facing serious problems. The products of Cereplast which are made out of a special variety of bio plastic aimed at replacing the traditional plastic had not yet been well received in the markets. While the company had placed hope on the ban that was to be introduced by Italian government to use plastic bags in the country, the passing of the ban had been delayed due to some unknown reasons.

However, the recently increasing concerns on environmental pollution and with more people trying to avoid the use of plastic bags, the company is confident that its businesses would effectively recover the lost markets. Further, there are nearly 30 projects which had been planned by Cereplast executives to commence shortly in various regions of the United States which are expected to increase the awareness and usage of the company’s products.

Cereplast Inc (OTCMKTS:CERP) had closed for the day on Tuesday with $0.0177 per share with a bullish behavior of 14.94% over the previous day’s closing price. The intraday movements of the stock were between a low value of $0.02 to a high value of $0.02 per share. The yearly stock price variations are between the lower value of $0.01 to a higher value of $0.40 per share. The shares held by the investors and the company insider’s account to 332.68 million with an institutional ownership of 6%. The total stock value of the company in the stock market is $5.89 billion. The trading trend of the company for its latest trading day was 16.30 million shares compared to the average trading volume over the month of 10.76 million shares.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.