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

Shares of BioHiTech Global Inc.
BHTG,
+4.44%

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,
+2.41%

CCL,
+1.75%
,
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
SPX,
+0.29%

has gained 7.1%.

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