Extreme Vehicle Battery (CSE:ACDC) Stocks On Gaining Spree

2 min read | February 06, 2021 09:49 AM EST | By Hina Chowdhary

Extreme Vehicle Battery (CSE:ACDC) Stocks On Gaining Spree

Extreme Vehicle Battery Technologies Corp (CSE: ACDC)

The Vancouver-based tech corporation manages two segments, namely blockchain and EV battery technology. The firm offers futuristic battery solutions to emerging electric vehicle manufacturers.

Through its technology, the company is also providing used battery recycling solutions. The company also offers cryptocurrency services for government and corporate clients.

The software stock has almost 313.65 million listed shares outstanding on the CSE, with an active 30-day average volume that has zoomed to nearly 13.76 million shares. The stock has soared more than 4528 per cent in one year. It has a current stock price of C$ 0.27, with a market cap of C$ 84.7 million.

Image Source: Kalkine Group @2020

On January 18, 2021, Extreme Vehicle Battery Technologies offered a non-brokered private placement to raise nearly C$ 2.5 million.

The company unveiled its Home Smart WallTM, Android and iOS apps, which have been created to outshine Tesla's Powerwall, as per the company’s filing on the CSE on January 6. Its CEO Bryson Goodwin stated that this app would remotely supervise the battery systems.

The company is also exploring the recreational vehicle (RV) segment of the automobile industry, which has been gradually emerging in North America. In its press release, the company stated that the RV market achieved US$51 billion in revenue during 2019 and is estimated to touch US$ 77 billion by 2026.

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