DSG Global (DSGT) Stock Jumps To Multi-Month High: Here is Why

Last Friday the DSG Global (OTCMKTS:DSGT) stock ended up as one of the notable gainers as it ended the day with gains of 19%. However, more importantly, the rally on Friday took its gains for the whole week to a whopping 125%.

In light of such massive gains, it might be a good idea for investors to note that last Thursday DSG Global had announced that Imperium Motor Company, its electric vehicle unit, was making preparations to announce the dealers who will carry its products. It goes without saying that it was a major announcement and one that led to the excitement among investors on Friday.

The President of Imperium Motors, Christian Dubois stated that the company got as many as 26 formal requests from dealers in Canada alone and more applications had been sent in from the United States. He went on to add that Imperium Motors was ‘highly pleased’ with the profile of dealers who had sent in the applications.

The budget from each applicant suggested that they could sell as many as 300 vehicles a year and the initial order from dealers are going to be of at least 50 vehicles. The DSG Global stock could be the one to keep an eye on today.