Investors are almost always on the hunt for stocks which may have recorded notable gains for a reasonably long period of time and hence, it may be a good move to look into the Envirotech Vehicles Inc (OTCMKTS:EVTV) stock today.
Trading Data
On Tuesday, EVTV stock ended higher by 2.08% at $0.32 with more than 164k shares, compared to its average volume of 479K shares. The stock has moved within a range of $0.3100 – 0.3295 after opening trade at $0.3150.
Latest News
The stock seems to have been in significant focus among investors over the course of the past month and has managed to deliver gains of as much as 10% during the period. Yesterday, the company was in focus again after it made an announcement with regards to the fact that it had awarded two vouchers by the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project.
The vouchers, which bear total value to the tune of $13200, is meant for the purchase of a pair of Class 4 trucks which are manufactured by Environtech. It goes without saying that the latest development is an important one for the company and could lead to the strengthening of the bullish sentiments about the stock as well.
The Chief Executive Officer of the company, Phillip Oldridge stoke about the matter as well. He added that the latest deal is going to give Environtech considerable sales momentum when it comes to its vans and trucks.
Key Quote
“In addition to the recent success we’ve seen with our FAR network and NJ ZIP, HVIP provides us with valuable added momentum for the sale of our best-in-class trucks and vans,” Phillip Oldridge, CEO of Envirotech Vehicles, commented. “California is a leader in the transition to zero-emission vehicles, and we hope that these voucher approvals are the first of many more. We look forward to assisting businesses throughout the state as they take the initiative to transition to green transportation.”
Technical Data
EVTV stock is trading above the 20-Day and 50-Day Moving averages of $0.31 and $0.28 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.32. The stock is up 16% in the past month.
