Home Financial Markets Penny Stocks How Did The ALYI Stock Rocket In The Last Session, Jumping 15%?

How Did The ALYI Stock Rocket In The Last Session, Jumping 15%?

At the close of trading on Friday, Alternet Systems, Inc. closed at $0.05945, up 14.77%. A total share volume of 60.88M was recorded by Alternet Systems stock, compared to an average monthly volume of 45.81M. News that a management update will be shared this week boosted ALYI stock.

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What is ALYI going to share?

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In the wake of last week’s release of the FY2020 Annual Report, Alternet Systems said it will release a management update on Tuesday, April 20, 2021.

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  • An excerpt from ALYI finance partner RevoltTOKEN on the latest progress with their ongoing cryptocurrency rollout, RevoltTokens will accompany the latest progress report on the company’s Electric Vehicle Ecosystem.
  • ALYI Secures New $1 Million Investment To Fund EV Ecosystem Expansion
  • Providing an update next week will focus on the new agreement executed by ALYI last week that substantially expands the company’s vision and strategy for the entire electric vehicle market.
  • Through the new agreement, ALYI will be able to develop the electric vehicle deployment sector beyond its current point of entry for ridesharing.
  • The venture also offers ALYI a chance to look beyond the organization’s current concentration in East Africa.
  • With the multi-tiered deal, the management will invest $1 million new strategic capital into ALYI as a confirmation of ALYI’s current potential value.
  • It also presents ALYI with the opportunity to significantly contribute to its balance sheet in the year to come.
  • ALYI will reveal details on the deal in its upcoming FY 2020 annual report under the sections that cover future developments.

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What ALYI is planning?

This new agreement and corresponding expansion of the electric vehicle ecosystem by ALYI is the first in a pipeline of new opportunities. Recently Alternet Systems (ALYI) published a video showcasing its first electric motorcycle intended to emphasize the business plan for its overall electric vehicle ecosystem. Additional opportunities will be discussed at the management update.

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