Dallas, Texas 11/07/2013 (Financialstrend) – In Wednesday’s trading, Cereplast Inc (OTCMKTS:CERP) dropped by 0.74%. The opening price of the shares was $0.01, which was the intraday high and dipped to a close of $0.01. Approximately 7.46 million shares were traded on Wednesday while an average volume of 12.35 million shares were traded over a 30 day period. The 52-week low of Cereplast Inc (OTCMKTS:CERP) shares is $0.01 and its 52-week high is $0.18. The company has a market capitalization of $9.72 million.
About the company
Cereplast Inc (OTCMKTS:CERP) was incorporated on 29 September 2001. It is engaged in the development and commercialization of bio-based resins via 2 product families: 1- Cereplast Compostables Resins- these are compostable & renewable & ecologically -sound substitutes that are used in petroleum-based plastics and 2- Cereplast Sustainables resins – these replace upto 90% of petroleum-based content in traditional plastics with the materials from renewable-resources. Cereplast Inc (OTCMKTS:CERP) mainly conducts its operations via product families, like Cereplast Hybrid Resins, Cereplast Compostables resins and Cereplast Algae-Plastic resins. In 2011 October, Cereplast Inc (OTCMKTS:CERP) acquired a manufacturing plant in Assisi.
Cereplast’s Compostables resins are compostable & bio-based, ecologically-sound substitutes that are used in petroleum-based plastics and target primarily-compostable bags, single use food-service products & packaging applications. Cereplast Inc (OTCMKTS:CERP) offers 13 different commercial-grades of Compostable-resins in this particular product line. Cereplast Sustainables’ resins are partly/fully bio-based, ecologically sound substitutes that are used in fully petroleum-based plastics and mainly target durable goods and packaging applications. Cereplast Inc (OTCMKTS:CERP) offers 6 commercial-grades of Sustainable-resins in this specific product line.
Cereplast Hybrid-Resins products replace upto 55 percent of petroleum content in conventional-plastics with the bio-based materials, like industrial starches that are sourced from plants. The Hybrid-resins line is specifically-designed to offer these similar properties to other traditional polyolefins, like impact strength & heat -deflection temperature. It is compatible with the existing converter-processes & equipment.