Danimer Scientific, Inc. (NYSE:DNMR – Get Free Report)’s stock price shot up 7.1% on Tuesday . The stock traded as high as $0.22 and last traded at $0.17. 17,737 shares traded hands during trading, a decline of 62% from the average session volume of 46,904 shares. The stock had previously closed at $0.16.\n\nThe firm has a market cap of $520,950.00, a PE ratio of -0.01 and a beta of 1.49. The company has a 50-day simple moving average of $0.24 and a two-hundred day simple moving average of $0.86. The company has a quick ratio of 2.05, a current ratio of 3.28 and a debt-to-equity ratio of 1.80. \n\nDanimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.

Danimer Scientific (NYSE:DNMR) Shares Up 7.1% – What’s Next?

Danimer Scientific's stock price rose 7.1% on Tuesday, reaching $0.22 and closing at $0.17. The company, a performance polymer provider, offers bioplastic alternatives for traditional plastics in the U.S., Germany, Poland, Belgium, Austria, and internationally. It produces biodegradable plastics like Nodax and polylactic acid resins for packaging applications.