In after-market trading, ReTo Eco-Solutions Inc. (NASDAQ: RETO) shares traded at $1.28, up 9.4%. On Thursday, RETO stock closed at $1.17 due to a gain of 2.63%. With 0.1 million of its shares traded, RETO stock volume remained below the average daily volume of 6.17 million shares throughout the past 50 days, at 0.1 million shares. As a result of an update on an important project in the home country, RETO stock rose.
What was the update?
Using its proprietary technologies and systems, ReTo is working to provide communities throughout the world with clean water and fertile soil. Several products and services are available from RETO, including environmentally friendly construction materials, environmental protection equipment, and manufacturing equipment. Environmentally-friendly construction materials, as well as project consulting, design, and installation have been fabricated using this equipment, as well as ecological soil restoration through solid waste treatment.
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This week, ReTo provided updates regarding its joint R&D demonstration in the Beijing Winter Olympics’ national key project, which was developed in collaboration with China’s prestigious Tsinghua University Academy of Arts & Design. Researchers at RETO designed and developed the 3D printer from solid industrial waste, and it’s been assembled and tested.
Also, RETO’s R&D team has conducted formula research, which led to a product trial that utilizes solid industrial waste. During the upcoming 2022 Winter Olympics in Beijing, the Project will be used in the high-traffic Shougang area.
What RETO achieved?
By utilizing new construction methods, such as digital paving, in the Shougang Park, the Project being developed by ReTo Eco-Solutions (RETO) demonstrates how efficient construction can be by creating roads that are both appealing and protect the environment. Through RETO’s this solution, road aesthetics and efficiency are improved, allowing for resource-saving.