News Spotlight: Attis Industries (ATIS)

Attis Industries (ATIS) stock observed trading -68.84% off 52-week high price. On the other end, the stock has been noted 53.57% away from low price over the last 52-weeks. The stock disclosed a move of -10.51% away from 50 day moving average and -19.53% away from 200 day moving average. Moving closer, we can see that shares have been trading -13.98% off 20-day moving average. It has market cap of $6M.

Attis Industries (ATIS) a diversified innovation and technology holding company with a production asset in Fulton, NY that produces corn-based ethanol, announced its support of the Trump Administration’s actions in the recent approved expansion of ethanol blends in on-road transportation fuels.

On May 30th, the Environmental Protection Agency (EPA) approved sales of gasoline with 15% ethanol (E15) content year around.  This is a change from the current policy that limits the use of E15 to just eight months of the year and provides fuel retailers the certainty they need to install E15 fueling infrastructure to increase consumer options for climate-friendly fuels. This rule change has the potential to create a significant increase in market demand for corn-based ethanol as well as other advanced fuels such as cellulosic ethanol.

While the Administration has allowed for the market expansion of ethanol via the E15 rule change, it continues to undermine the enforcement of the Renewable Fuel Standard through its abuse of the small refiner exemptions (SREs). The small refiner exemptions have had a drastic effect on renewable fuel demand over the past two years and have drawn the ire of farmers across the country. Attis encourages the Administration to continue its support of the nation’s farmers and renewable fuel producers by limiting SREs to those refiners who truly have encountered hardships by complying with the Renewable Fuel Standard.

Attis is now part of the small club of renewable fuel producers in the United States, stated Helen Petersen, Director of Corporate Policy and Governmental Affairs. As such, we strongly support policies that promote the expansion of renewable fuel blending in our on-road transportation fuels and help strengthen our ability as a nation to achieve energy independence through the use of home grown, sustainable alternative fuels.

Attis Biofuels, LLC, a wholly owned subsidiary of Attis Industries Inc., currently operates a 100 million gallon per year corn-based ethanol facility in Fulton, NY and has plans to expand the production of renewable fuels to include cellulosic ethanol and various other advanced biofuels.  This will be achieved through the implementation of its various patented and patent pending technologies that specialize in the conversion of virtually any form of biomass (including woody biomass, corn stover and corn ethanol byproducts) into cost-competitive cellulosic ethanol and other advanced fuels like biodiesel, renewable diesel and jet fuels. The USA based company Attis Industries moved with change of -1.71% to $1.72 with the total traded volume of 15439 shares in recent session versus to an average volume of 300.02K. The stock was observed in the 5 days activity at 1.18%. The one month performance of stock was -6.01%. ATIS’s shares are at -40.89% for the quarter and driving a -48.55% return over the course of the past year and is now at 21.13% since this point in 2018.  Right now the stock beta is 2.23. The average volatility for the week and month was at 8.81% and 14.62% respectively. There are 3.49M shares outstanding and 2.31M shares are floated in market.

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