DSG Global Inc. (OTCMKTS:DSGT) was up 13% after announcing its Canadian EV unit, Imperium Motor Company Canada, had completed a fruitful Montreal Electric Vehicle Exhibit. The exhibit resulted in considerable media coverage and exposure, with the company taking down payments on 136 SEV cars. Also, it experienced a robust uptick of additional 60 deposits for SEVs ordered online at the exhibition. In total, the company now has received deposits of more than 196 units from the three-day fair.
Imperium Canada President Christina Dubois said the show exceeded the company’s optimistic expectations. He said that the show was bigger than the organizers’expectations, with tremendous interest in SEV vehicles. Dubois said that dealers and customers expressed considerable interest, and they expect more deposits from event attendees in the coming weeks. The company has commenced production and hopes to meet this high demand quickly. With more orders for SEV vehicles flowing, DSGT is worth keeping an eye on.
Market Reaction:
On Tuesday, DSGT stock went up 13% at $0.3050 with more than 705k shares, compared to its average volume of 745K shares. The stock has moved within a range of $0.2700 – 0.3081 after opening the trade at $0.2850.
