Dallas, Texas 07/31/2013 (Financialstrend) – Shares of Cereplast Inc (OTCMKTS:CERP) had been moving bullish in the recent days owing to the hope that the company’s future planned projects would prove successful to push up the businesses which had recently been facing serious problems. The products of Cereplast which are made out of a special variety of bio plastic aimed at replacing the traditional plastic had not yet been well received in the markets. While the company had placed hope on the ban that was to be introduced by Italian government to use plastic bags in the country, the passing of the ban had been delayed due to some unknown reasons.
However, the recently increasing concerns on environmental pollution and with more people trying to avoid the use of plastic bags, the company is confident that its businesses would effectively recover the lost markets. Further, there are nearly 30 projects which had been planned by Cereplast executives to commence shortly in various regions of the United States which are expected to increase the awareness and usage of the company’s products.
Cereplast Inc (OTCMKTS:CERP) had closed for the day on Tuesday with $0.0177 per share with a bullish behavior of 14.94% over the previous day’s closing price. The intraday movements of the stock were between a low value of $0.02 to a high value of $0.02 per share. The yearly stock price variations are between the lower value of $0.01 to a higher value of $0.40 per share. The shares held by the investors and the company insider’s account to 332.68 million with an institutional ownership of 6%. The total stock value of the company in the stock market is $5.89 billion. The trading trend of the company for its latest trading day was 16.30 million shares compared to the average trading volume over the month of 10.76 million shares.