Electric mobility solutions provider Elektros Inc (OTCMKTS:ELEK) was one of the companies which had come into considerable focus among investors this past Friday and ended up with gains of as much as 9% for the day. It is likely that the stock is going to come into focus among investors today and hence, it may be a good idea to take a look at the announcement that was made last Friday.
Trading Data
On Friday, ELEK stock moved up 8.50% to $0.1356 with more than 438K shares, compared to its average volume of 429K shares. The stock moved within a range of $0.1150 – 0.1430 after opening trade at $0.1365.
Elektros Now Scheduling Tesla Deliveries for its All-Electric Rental Car Division
The company announced that it was in the process of scheduling its Tesla deliveries that is going to come under its all-electric rental car division. It is the first-ever business of that nature that has been tried and hence, the excitement is perhaps palpable.
There is considerable anticipation for the fleet of rental cars and it was noted that the popular Tesla Model 3 will also be part of the fleet. The Tesla Model 3 vehicles are going to be provided through the carsharing app named Turo. Initially, the deliveries are going to be made in South Florida, and eventually, Elektros seeks to move on to the rest of the United States. It is now going to be interesting to see if the stock can manage to add to its gains today.
Technical Data
ELEK stock is trading above the 20-Day and 50-Day Moving averages of $0.12 and $0.11 respectively. However, the stock is trading below the 200-Day moving average of $0.43. The company has a total market capitalization of $9.08 million.
