LO

Loop Industries IncNASDAQ LOOP Stock Report

Last reporting period 31 Aug, 2024

Updated 21 Nov, 2024

Last price

Market cap $B

0.081

Micro

Exchange

XNAS - Nasdaq

LOOP Stock Analysis

LO

Uncovered

Loop Industries Inc is uncovered by Eyestock quantitative analysis.

Rating

To assess the quality of a company's business, we have collected all financial data from the statements and presented them in the form of a single number - the company's rating. Rating value of 100 is the threshold for determining a viable investment.

-56/100

Low score

Market cap $B

0.081

Dividend yield

Shares outstanding

47.469 B

Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. The company is headquartered in Terrebonne, Quebec and currently employs 81 full-time employees. The company went IPO on 2012-09-27. The firm owns a technology that depolymerizes waste polyethylene terephthalate (PET) plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency, or condition and ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create Loop-branded PET resin suitable for use in food-grade packaging and polyester fiber. Its Generation I technology (GEN I) is a hydrolysis-based depolymerization technology, which yields purified terephthalic acid (PTA) and monoethylene glycol (MEG), two common monomers of PET. Its Generation II technology (GEN II) is a methanolysis-based depolymerization technology that uses temperatures below 90 °C to depolymerize waste PET and polyester fiber. The company uses waste PET plastic and polyester fiber as feedstock.

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