Alternet Systems, Inc. (OTCMKTS:ALYI) stock is moving up big in the afternoon session on Wednesday, extending its 6-month gain to 425%.
Major Trigger:
ALYI EV Rideshare And Self-Drive Rental Pilot On Track Targeting $4 BillionAfrican Market
Key Highlights:
- ALYI announced completing a scheduled review of its electric motorcycle development program with the dedicated design team from MODUS Applied Innovations. The review was completed last week on Friday, June 11, 2021. MODUS is working with iQSTEL on connected, state of the art, electric vehicle technology in support of ALYI’s overall electric vehicle program objectives.
- ALYI management is confident, after completing the review, that ALYI remains on track with its EV Rideshare and Self-Drive Rental pilot program in Africa. ALYI management is preparing a comprehensive shareholder update on the EV Rideshare and Self-Drive Rental pilot program to include additional updates on ALYI’s overall business plan, scheduled to be published this Friday, June 18, 2021.
- ALYI has an order to deliver 2000 electric motorcycles in Kenya to be deployed into the motorcycle taxi (boda) market. The first delivery schedule for July is intended to support a first phase, pilot rollout of the rideshare service. The motorcycle ride hail market in Africa is estimated at $4 billion.
Market Reactions
As of 1:09, ALYI stock jumped by 55% at $0.0524. Total volume so far stood at 71.69 million shares, well above its average volume of 23.32 shares. The stock moved within a range of $0.0330 – 0.0570 after opening at $0.0339.
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