Where does the stock of Corporate Universe (OTC PINK: COUV) stand?

The closing price of Corporate Universe (OTC PINK:COUV)was at $0.2501 on Tuesday, down –20.85%. The stock reached $0.4495 in the same session, while the lowest price was $0.233. It has seen an average daily volume of 13,398,109 in the past 30 days. Over the last month, COUV shares have performed 1163.13%.‎‎

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The company has a market cap of 115,725,354, and during the last 52-weekperiod highest single-day price is $0.3189, with a 52-week low of $ 0.0003.

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While the latest drop in the corporate universe’s stock is a bitconfusing, it should be noted that there was no material news about the firm’s business that could have contributed to such a change. For that, a significant event that took place earlier this month will need to be taken into account.

On December 16, 2020, Corporation Universe, Inc. (OTC PINK:COUV) announced to enter a definitive letter of intent to acquire Carbon-Ion Energy Storage, Inc. fkaZapGo, a high-tech electric battery development company building the next generation of energy storage devices.

ZapGo Ltd’s assets have been acquired by Carbon Ion Energy Storage Ltd, including 30 patents and $25 million of research and development. The company is currently working on a Gen IV battery that will be commercialized shortly.

According to Grandview Research, the global market for battery-powered tools, vehicles, toys, appliances, personal electronics, and much more will top $113 billion in 2019 and will increase threefold over the next five years. Lithium-Ion batteries have led this growth for over 50 years, even though they present problems with battery life, charging times, heat, and the possibility of igniting or exploding. For the next half-century, Carbon Ion offers a solution.

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