Atlantic Power & Infrastructure Corp (OTCMKTS:AWSL) Stock Pulls Back 20% In a Week

Atlantic Power & Infrastructure Corp (OTCMKTS:AWSL) is down 20% in a week. The company has announced that “Scrap Tire News,” the industry’s premier publication, has featured it in a publication and lauded its on-demand novel Flexi-Pave.

Market Stats

On Wednesday, AWSL stock gained 3.08% to $0.0670 with more than 11k shares, compared to its average volume of 32k shares. The stock moved within a range of $0.0610 – 0.0748 after opening trading at $0.0610.

Atlantic Power and Infrastructure’s KB Industries Praised in Scrap Tire News

Acknowledging the company’s installation in Tampa Bay, Florida and Atlanta, GA, Scrap Tire news indicated, “More Cities Using KBI Flex-Pave. Porous, flexible reused rubber pavement enhances drainage, lowers erosion, and enhances safety for pedestrians and cyclists on the Atlanta Beltline. The Beltline, a sustainable revitalization project, will eventually link 45 interior districts with a 22-mile circuit of multi-use urban paths, renovated urban landscapes, and parks that will ring along the city’s former train routes.

Recently a KBI’s Flexi-Paved sustainable rubber was used in paving both sides of a 33,000 ft Bicycle path and Beltline Walkway. Beltline project planner and engineers stated that this would benefit the Beltline and reduce the amount of erosion occurring after heavy storms that historically results in water flowing off the asphalt sides and eroding the underneath subbase. So, AWSL is worth watching.

Key Quote

“This will benefit the Beltline by reducing the amount of erosion that occurs following heavy storms which historically caused water to flow off the sides of the asphalt eroding the subbase underneath the asphalt resulting in costly failures and damage to the sides of the asphalt path”; Beltline project engineers and planners said.

Traders Corner

AWSL stock is trading below the 20-Day and 50-Day Moving averages of $0.0710 and $0.0898 respectively. However, the stock is trading above the 50-Day moving average of $0.0651.