Home Financial Markets Penny Stocks No matter why the stock price of AlterNet (ALYI) has grown recently

No matter why the stock price of AlterNet (ALYI) has grown recently

In the past trading day, Alternet Systems’ (OTC Pink: ALYI) shares closed at $0.895, up 29.17% from the previous day. Contrasting the volume of 203,517,784, the stock changed hands 143,558,475 times in 30 days.

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What is happening…

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According to the company statement yesterday, Alternet Systems, Inc. (OTC Pink: ALYI) will release a multimedia presentation outlining its democratized electric vehicle ecosystem collaboration strategy today, Friday, February 5th, 2021.

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As part of its ecosystem, ALYI has launched the Revolt Electric Motorcycle with African and North American editions anticipated to roll out this year.

To support the electric vehicle movement on the land, sea, and in the air, ALYI will reveal tomorrow its long-range strategy for democratizing the electric vehicle ecosystem globally and continuing the introduction of new electric vehicles, supporting technology, and infrastructure components.

Meanwhile, ALYI announced last week that its first rideshare electric motorcycles would be on the street by July of this year. Kenya ordered 2000 electric motorcycles from ALYI to be deployed into its motorcycle taxi market. In July, the first delivery schedule will support a pilot program for ride-sharing service.

ALYI’s Revolt Electric Motorcycle Program is one strand of its far-reaching plan to build an electric vehicle ecosystem.

However, Electric vehicles will only be successful if the necessary infrastructure to run them is simultaneously available. Such as the availability of charging stations, long-range batteries, and connectivity for software updates needing continuous revision throughout the electric vehicle’s lifetime.

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Summary:

The positive sentiment in general electric markets alongside the current report seems to have bolstered investors’ confidence as they are pushing the stock to rise.

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