Alliance Bioenergy Plus (OTCMKTS:ALLM) Shares Pass Above 50-Day Moving Average – Here’s Why

Alliance Bioenergy Plus, Inc. (OTCMKTS:ALLM – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.28 and traded as high as $0.2950. Alliance Bioenergy Plus shares last traded at $0.28, with a volume of 329,500 shares traded.

Alliance Bioenergy Plus Price Performance

The company’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.28.

Alliance Bioenergy Plus Company Profile

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Alliance Bioenergy Plus, Inc (OTCMKTS:ALLM) is a renewable energy company focused on the development of integrated biorefineries for the production of cellulosic ethanol and advanced bioproducts. The company’s mission is to deliver sustainable fuel solutions by converting low-cost biomass such as green field grasses, agricultural residues and sweet sorghum into high-value biofuels. Headquartered in Addison, Texas, Alliance Bioenergy Plus pursues a business model that combines research and development with engineering, procurement and construction services for commercial-scale facilities.

At the core of Alliance Bioenergy Plus’s technology platform is its proprietary pretreatment and fermentation processes, which are designed to enhance the conversion efficiency of lignocellulosic feedstocks.

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