Loop Industries (NASDAQ: LOOP)
Loop Industries Return vs. S&P
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Loop Industries Company Info
Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles; and polyester fibers comprising carpets and clothing for textile applications to consumer goods companies The company was founded by Daniel Solomita in March 2010 and is headquartered in Terrebonne, Canada.
News & Analysis
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Here's the scoop on these little-followed companies.
Why Shares of Loop Industries Are Surging Today
The company recently struck a major partnership with an Asian conglomerate that will help the company expand.
Why Loop Industries Dropped Again Today
The company responds after a short-seller report and 33% share price drop yesterday.
Why Loop Industries Crashed Almost 40% Today
A new report from short-seller Hindenburg Research calls the company's technology "smoke and mirrors."
Valuation
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