Extreme Vehicle Battery Technologies Corp (OTCMKTS:CRYBF) Stock Soars 45% In a Week: Here is Why
Extreme Vehicle Battery Technologies Corp (OTCMKTS:CRYBF) is up 45% in a week. The company and IONiX Pro Battery Technologies have announced that Daymak Inc., their partner, has submitted 1,000-unit orders for the IONiX Pro Home SmartWall and has acquired an additional 5 million EV Battery Tech common shares.
Market Stats
On Tuesday, CRYBF stock fell 1.72% to $0.1514 with more than 932K shares, compared to its average volume of 509k shares
EV Battery Tech Partner, Daymak, Orders 1,000 IONiX Pro Home SmartWalls and Increases Ownership in EV Battery Tech
On September 28, 2021, EV Battery tech revealed that IONiX Pro would restart receiving orders for the flagship SmartWall at $5,500 per unit. However, the company indicated that because of current supply shortages of circuit boards and battery cells, IONiX Pro would accept 1,000 SmartWall orders on a priority basis.
After recommencing receiving orders, the company continued to get orders, but with the Daymak order, the company has oversubscribed presales and will not accept presales for the product. Notably, all presale orders will be met as they were placed.Daymak president Aldo Baiocchi said they are impressed with the ability of IONiX Por and EV Battery tech to bring SmartWall to the market over a short period. So, CRYBF is worth watching in the coming weeks.
Key Quote
“We were incredibly impressed with EV Battery Tech and IONiX Pro’s ability to bring this product to market in such a short period of time, especially given the disruptions in the global supply chains,” stated Aldo Baiocchi, President of Daymak.
Traders Corner
CRYBF stock is trading below the 20-Day and 50-Day Moving averages of $0.14 and $0.16 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.23. The stock is down 3% in the past month.
