Shawcor (OTCMKTS:SAWLF) Stock Price Down 5.6% – Here’s Why

Shawcor Ltd. (OTCMKTS:SAWLFGet Free Report)’s share price fell 5.6% on Thursday . The company traded as low as $6.49 and last traded at $6.51. 150,600 shares were traded during trading, an increase of 151% from the average session volume of 59,944 shares. The stock had previously closed at $6.90.

Shawcor Stock Performance

The business has a 50-day simple moving average of $8.03 and a two-hundred day simple moving average of $9.22.

About Shawcor

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Shawcor Ltd., doing business as Mattr Infratech, operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Technologies, Connection Technologies, and Pipeline and Pipe Services. The Composite Technologies segment manufactures flexible composite that are used for oil and gas gathering, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets.

Further Reading

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