Scope Industries (OTCMKTS:SCPJ) Trading Up 20% – Should You Buy?

Scope Industries (OTCMKTS:SCPJ) shares shot up 20% during mid-day trading on Friday . The company traded as high as $300.00 and last traded at $300.00. 600 shares changed hands during trading, an increase of 11,900% from the average session volume of 5 shares. The stock had previously closed at $250.00.

Scope Industries Trading Up 20.0%

The business has a 50-day moving average of $250.00 and a 200-day moving average of $257.22.

Scope Industries Company Profile

Scope Industries offers waste material recycling services in the United States. It operates plants for the collection and processing of bakery waste materials into a food supplement for animals. The company sells this food supplement to poultry farms, dairies, feed lots, and pet food manufacturers. Scope Industries also owns and operates a plant in Vernon, California, where certain bakery waste material is processed and converted into edible breadcrumbs for human consumption. The company's customers include prepackaged and restaurant supply food processors.