REC Silicon ASA (OTCMKTS:RNWEF) Stock Price Down 1.9% – Here’s Why

REC Silicon ASA (OTCMKTS:RNWEF) was down 1.9% on Tuesday . The company traded as low as $0.76 and last traded at $0.76. Approximately 3,000 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 3,215 shares. The stock had previously closed at $0.78.

REC Silicon ASA Stock Performance

The stock has a fifty day simple moving average of $0.77 and a 200-day simple moving average of $0.79.

REC Silicon ASA Company Profile

REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. It offers various Signature Silane gas, a pure form of silicon that produces product for fuel industries comprising specialty gases, including Dichlorosilane, Monochlorosilane, and Disilane for use in the manufacturing processes of flat panel displays, semiconductors, and solar cells; solar grade polysilicon, including NextSi used for multi crystalline and monocrystalline solar ingot and wafer production in the manufacturing of solar modules; and electronic grade polysilicon consisting of float zone-based devices are used in motor control and power conversion processes for hybrid and electric vehicles, wind energy, and high voltage transmission, 5G communications, high-speed trains, internet of things, and big data, as well as Czochralski for manufacturing of semiconductor wafers used in memory processors, optics, and micro electromechanical systems.