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Resgreen Group (OTCMKTS:RGGI) Stock Gains Momentum: Here is Why

Ian Leigh , , , ,

New generation mobile robot and software solutions firm Resgreen Group (OTCMKTS:RGGI) is one of the companies which may be worth looking into this morning in light of the latest developments.

Trading Data

On Thursday, RGGI stock gained 20.48% to $0.0150 with more than 95.30K shares, compared to its average volume of 59.28K shares. The stock moved within a range of $0.0127 – 0.0150 after opening trade at $0.0128.

ResGreen Awarded New Contract for an Automatic Guided Vehicle (AGV) and Software System

The company announced yesterday that it had inked a contract with a prominent automotive supplier. As per the provisions of the contract, it is going to pertain to the installation, manufacturing and integration of its BigBuddy AGV and BotWay traffic management software. BigBuddy would be responsible for delivering full pods on a custom made load handling frame from an assembly line up to the staging area. Once that is completed, it would return an empty pod.

The company’s Chief Executive Officer Parsh Patel spoke about the latest success for the company. He noted that Resgreen has been in a streak of success on the sales front and this was the second large contract that it had managed to bag in the second quarter. He went on to add that the customers were suitably impressed by the cost effective products which the company offered. The products were not only robust but were also easy to install and maintain. He stated that the company also offered high quality customer service.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.