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BioHiTech stock rockets after expanded relationship with Carnival, and new purchase orders

Shares of BioHiTech Global Inc. (BHTG) rocketed 41.5% to pace all premarket gainers in active trading Thursday, after the waste management company said it has expanded its relationship with cruise operator Carnival Corp. (CCL), including the coverage of fifteen additional cruise ships. Trading volume swelled to 7.9 million shares, compared with the full-day average of about 2.3 million shares over the past 30 days. Carnival's stock rose 2.1% ahead of the open. BioHiTech said it recently received purchase orders for more than $1.8 million worth of food digesters, which the company expects to fulfill during the second and third quarters of 2021. The company had recorded a total of $2.0 million in revenue over the second and third quarters of 2020. BioHiTech's stock has run up 55.4% over the past three months through Wednesday, while the S&P 500 has gained 7.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

03-18-21 0833ET

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