Bontex (OTCMKTS:BOTX) Trading 590.1% Higher – Time to Buy?

Bontex Inc. (OTCMKTS:BOTXGet Free Report)’s share price was up 590.1% during mid-day trading on Monday . The company traded as high as $0.3899 and last traded at $0.3899. 185 shares were traded during mid-day trading, a decline of 69% from the average session volume of 592 shares. The stock had previously closed at $0.0565.

Bontex Stock Performance

The stock’s 50-day moving average price is $0.14 and its 200-day moving average price is $0.10.

Bontex Company Profile

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Bontex, Inc is a specialty materials company associated with the development and manufacture of nonwoven fabrics and related composite materials. Its products have been used in footwear, apparel, automotive components, filtration, and other industrial applications.

The company’s materials are designed to provide functions such as reinforcement, cushioning, support, insulation, and filtration. Bontex has historically served manufacturers and other business customers rather than selling primarily to consumers.

Bontex was historically based in Asheville, North Carolina, and operated in the specialty nonwoven materials industry for several decades.

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