Loop Industries, Inc. (LOOP)
Loop Industries, Inc. operates in the Chemicals - Specialty industry of the Basic Materials sector, headquartered in Terrebonne, QC, CA. The stock last traded at $0.63, down 4.75% on the session, giving a market capitalisation of $30.2M. On trailing twelve-month figures it carries a trailing P/E of -2.47, a net margin of -2774.6%. Its beta of 1.49 implies it has historically moved more than the broad market.
Loop Industries Inc., a technology firm, specializes in chemically recycling discarded polyethylene terephthalate (PET) plastics and polyester textiles, breaking them down into their fundamental molecular components. From these constituent monomers, the company then synthesizes pristine, "virgin-quality" PET resins. These resins are suitable for manufacturing food-safe plastic packaging, including beverage bottles for water and soft drinks, as well as containers for various food items and consumer goods. Additionally, it produces polyester fibers utilized in textiles, clothing, and other apparel. Established in 2010, Loop Industries Inc. operates from its headquarters in Terrebonne, Canada.
Loop Industries, Inc. is most often compared with the following Basic Materials names: