Shares of GREENWAY DESIGN GP added 67.11% to $0.752 after hitting session high of $0.85. More than 515K shares already traded hands within less than thirty minutes of opening session, compared to its 30-day average volume of 23K shares.
Yesterday, the stock closed high by 40.63% to $0.45 with more than 117K shares, which was still higher than the average volume.
We couldn’t find any newe for the ongoing rally in the stock, but looks like the stock is showing technical rebound from its recent fall. The stock had crashed 78% in the month of March and April and made a new 52-week low of $0.20 in mid May.
The recent press release issued by the company was in early September, where the company said that it has got an approval to experiment its Cool-n-Save evaporative pre-cool system on the university campus.
The company is expecting to get the results after 3-4 weeks and projecting to have increased savings in the total energy consumption.
After today’s rally, the stock has comfortably moved above its 200-Day Moving Average of $0.54, which is showing good technical signal.
Keep your eyes on GDGI, if the stock’s rally is sustainable.
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