TerraVia Holdings Inc. (TVIA) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 3.85% to wrap the day at $2.7 after closing the day prior at $2.6. Throughout the trading session, shares of TVIA rose as high as $2.73 and dipped as low as $2.56. Today’s advance came with about 560,572 shares changing hands, compared to an average 30-day volume of 440,517 for TerraVia Holdings Inc.. The price is currently below the 30-day volume weighted average price of $2.66 for TVIA.
The share appreciation today gives the company a market capitalization of $221.57 million based upon 85.22 million shares outstanding. It also means that TVIA has a price-to-book ratio of 13.32:1.
In the past 52 weeks, shares of TVIA have traded as low as $1.18 and as high as $3.52. Technical traders will take note that at $2.7, shares of TVIA are trading above their 200-day MA at $2.23 and above their 50-day MA at $2.58. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is TVIA?
Terravia Holdings Inc along with its subsidiaries, is engaged in providing renewable oils and other bioproducts. It commercializes its products into target markets such as chemicals and fuels, nutrition, and skin and personal care. The company’s 229 employees are led by CEO from the corporate headquarters at 225 Gateway Boulevard in South San Francisco, CA.
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