Kelso Technologies Inc (NYSEAMERICAN:KIQ) Stock Falls After The Recent Jump
Shares of Kelso Technologies Inc (NYSEAMERICAN:KIQ) have been showing selling pressure this month after the recent jump.
Market Stats
On Wednesday, KIQ stock moved up 1.22% to $0.6280 with more than 1.75 million shares, compared to its average volume of 1.07 million shares. The stock has moved within a range of $0.6100 – 0.6600 after opening trading at $0.65.
Kelso Technologies Inc. Announces Two Key Development Partners for KIQ X Industries
Diverse product development company specialising in design, production as well as distribution of proprietary service equipment harnessed in transportation applications, Kelso Technologies Inc (NYSEAMERICAN:KIQ) on November 17, 2021 announced that the firm’s wholly owned subsidiary KIQ X Industries has secured two key prototype development partners in Wildertec Heavy Duty Suspension project.
Vector Truck Designs and Kinetic Drive Solutions have been contracted by KIQX for providing team of control system designers, automotive engineers as well as software specialists to guide KIQX towards regulatory compliant final production-ready HD prototype.
Vector will be leading the project in final stage design as well as development of all mechanical components.
Vector’s Chief Engineer, Marlin Toews said that team of skilled designers having experience of over eight decades in chassis, suspension as well as steering is capable and keen on delivering the goal of robust, no-road vehicle delivering full road and highway compliance.
Ron Shaeper, Chief Engineer at KDS said that the firm’s multi-disciplinary team of driveline and control system designers will be combining latest technologies as well as applying robust model-based system engineering approach for optimising functional design and performance of the vehicle solution.
Chris Stewart, President of KIQX said that KXI development team is bringing fundamental knowledge to convert standard one ton pickup truck into a purpose-built commercial specialty vehicle.
James R. Bond, CEO of the Company said that the support from automotive specialist engineering community continues to grow significantly allowing Kelso to maintain the development of KXI Wildertec brand through best available technology solutions.
Traders Corner
KIQ stock is trading below the 20-Day and 50-Day Moving averages of $0.67 and $0.65 respectively. However, the stock is trading above the 200-Day moving average of $0.75. The stock is up 5% in the past month.
