Befesa (OTC:BFSAF) Shares Up 2.2% – Still a Buy?

Befesa S.A. (OTC:BFSAFGet Free Report) was up 2.2% on Monday . The stock traded as high as $28.35 and last traded at $28.35. Approximately 450 shares were traded during trading, an increase of 350% from the average daily volume of 100 shares. The stock had previously closed at $27.75.

Befesa Stock Performance

The company has a fifty day moving average of $27.77 and a two-hundred day moving average of $27.76.

About Befesa

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Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust.

Further Reading

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