Major Milestones Sent Small Cap Soaring

Major Milestones Sent Small Cap Soaring

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, October 7, 2021

A Vancouver-based industrial company just announced several key partner milestones as well as the first vehicle integration of its Coil Driver technology. Shares of Exro Technologies Inc. (TSX:EXRO) (OTCQB:EXROF) rallied significantly on the update.

Exro Technologies Inc. is a Canadian based company commercializing patented technology designed to advance existing rotating electric machines. It is engaged in the production of electronics for electric motors and generators. The company serves car/truck, bus, generator, appliance, elevator, escalator, conveyor, ship drive, fan, pump, crane, HVAC, compressor, vacuum, train, industrial motor, wind turbine, and subway markets.

Traders were bullish on the news as shares of this small cap traded up to $2.98/share (+12.45%) at the session high. This move is a glimmer of hope for long term investors who have been riding this multi-month slide since February of this year.


Copyright © 2021 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Shares of Dual-Listed Miner Up on News of Options on Uranium Properties
Shares Up as Firm Launches First Short Spot Bitcoin ETP in the Nordics
Could This Stock Be The Next Big Mover In The Short-Term Rental Market?
Most Popular
FREE Newsletter


Back to Top