Small Cap Continues Strong Rally On New Announcement

Small Cap Continues Strong Rally On New Announcement

By: Tomas Ronolski - News

Thursday, January 21, 2021

If you have been following these posts regularly, you might’ve noticed an article last week about a CEO purchasing 5 Million shares of common stock to increase his ownership to around 26% of the company.  Well Rideshare Rental Inc. (previously Yayyo Inc.) (OTCPK:YAYO) is at it again, after announcing the extension of its ACME auto leasing line of credit.

Rideshare Rental Inc. is a technology-related car rental company. The company owns and maintains a fleet of new cars and provides them on a rental basis to rideshare drivers. The business is spread across the United States of America.

Traders were extremely bullish on the news as shares traded up to an early high of $2.50/share (+25%) following the headline. This move is a strong continuation of the rally the stock has been riding all month, coming from a January low of just $0.51/share.

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