Why Danimer Scientific Stock Was Moving Higher Today : vimar

Why Danimer Scientific Stock Was Moving Higher Today


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What happened
Shares of 
Danimer Scientific (NYSE:DNMR) were climbing higher today after the maker of renewable and biodegradable bioplastics posted solid results in its first-quarter earnings report.
As a result, the stock was up 15.5% as of 2:17 p.m. EDT.
Image source: Getty Images.
So what
Danimer, which makes food packaging from plant-based oils, said revenue increased 24% to $13.2 million, driven by stronger demand and additional PHA production at its Winchester, Kentucky plant.

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