Micro Cap Catches Premarket Bid

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, November 16, 2021

A Florida-based micro cap is seeing its shares bid up this morning on its Q3 financial results release. While the total release was a mixed bag, a key takeaway was that the company was able to significantly reduce its debt and improve liquidity. Shares of Transportation And Logistics Systems Inc. (OTCQB:TLSS) appear to be continuing its bullish week.

Transportation And Logistics Systems Inc. is a US-based company focused on providing integrated transportation management solution. It provides brokerage and logistics services such as transportation scheduling, routing and other value-added services related to the transportation of automobiles and other freight, which involve the use of independent contractor-owned trucks and equipment. The company generates revenue from customers contracting to transport a vehicle from location to location.

Traders were bullish on the results as shares are currently bid up at $0.0212/share (+7.89% implied open to sellers) ten minutes before open. This implied move comes one day after a strong Monday session, with shares closing up at $0.01965 (+13.58%) on the day.

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