Those who may be looking into the clean energy sector this morning could do well to take a closer look into Clean Energy Technologies Inc (OTCMKTS:CETY).
Trading Data
On Friday, CETY stock soared 7.10% at $0.0439 with more than 2.19 million shares, compared to its average volume of 648K shares. The stock has moved within a range of $0.0400 – 0.0449 after opening trade at $0.0400.
Latest News
The low carbon energy company was in focus among investors last Friday and ended the day with gains of as much as 7% as a consequence. In this context, it may be a good move for investors to take a closer look at an announcement made by the company on Friday. Clean Energy Technologies announced that it had got into a partnership as an industry partner with the Landfill Methane Outreach Program, which belongs to the United States Environmental Protection Agency.
It goes without saying that it was a significant development for the company and one that led to excitement among investors. In its role as the industry partner for the program, Clean Energy Technologies is going to be responsible for developing landfill gas as a source of energy.
The company would need to deploy both financial as well as technological resources towards the programme in addition equipment and consulting services. It is now going to be interesting to see if the stock come into focus among investors this morning or not.
Key Quote
“We take our role as a clean energy supplier very seriously and are proud to become a part of the LMOP program Industry Partnership,” commented Kam Mahdi, CEO of CETY. “Our increasing global footprint provides us with the unique opportunity to support multiple partners in helping to reach the goals of the Global Methane Pledge. We look forward to supporting this vital work and to helping multiple partners to help reduce methane emissions worldwide.”
Technical Data
CETY stock is below the 20-Day and 50-Day Moving averages of $0.0435 and $0.0448 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.0625. The stock is down 16% in the past 3-month.
