CO2 Solutions (CVE:CST) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of CO2 Solutions Inc (CVE:CST) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.04 and traded as high as C$0.05. CO2 Solutions shares last traded at C$0.04, with a volume of 37,000 shares trading hands.

CO2 Solutions Stock Performance

The company’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The firm has a market cap of C$6.39 million and a price-to-earnings ratio of -0.85.

About CO2 Solutions

CO2 Solutions Inc develops proprietary technologies for the capture and production of carbon dioxide (CO2) in Canada, the United States, and Europe. It focuses on commercializing an enzyme-based technology for efficient CO2 capture from various industrial flue gasses for reuse or sequestration. The company's technology has various industrial applications, such as enhanced oil recovery, oil and gas, pulp and paper, water treatment, cement, beverage carbonation, greenhouses, and other uses.