Planet Green (NYSEAMERICAN:PLAG) Shares Up 12.4% – Time to Buy?

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) traded up 12.4% on Wednesday . The stock traded as high as $0.6422 and last traded at $0.59. 253,683 shares traded hands during trading, a decline of 93% from the average session volume of 3,786,393 shares. The stock had previously closed at $0.5250.

Planet Green Trading Up 12.4%

The firm has a market capitalization of $5.53 million, a price-to-earnings ratio of -1.55 and a beta of 1.12. The firm has a fifty day moving average price of $1.45 and a 200 day moving average price of $1.92.

Planet Green (NYSEAMERICAN:PLAG) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.04 earnings per share for the quarter. Planet Green had a negative return on equity of 1,172.32% and a negative net margin of 299.99%.The firm had revenue of $6.36 million during the quarter.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.