Bontex (OTCMKTS:BOTX) Shares Up 453.3% – Still a Buy?

Bontex Inc. (OTCMKTS:BOTXGet Free Report) traded up 453.3% during mid-day trading on Monday . The company traded as high as $0.3799 and last traded at $0.2988. Approximately 1,600 shares changed hands during trading, an increase of 206% from the average daily volume of 523 shares. The stock had previously closed at $0.0540.

Bontex Trading Up 453.3%

The company’s 50-day moving average is $0.20 and its 200 day moving average is $0.08.

About Bontex

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Bontex Inc manufactures and supplies specialty composite materials to customers worldwide. It offers cellulose board and light gauge products comprising cellulose fibers for products, such as visors, brims, and size bands for headwear, as well as insoles for footwear products; and treated elastomeric wet web impregnated substrates to resist mold type growth that causes odor in luggage. The company also provides non woven boards; and Strobel products. Its cellulose board and light gauge products are PVC, PU, or special size coated as per custom needs.

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