Over the course of the past month, the Worksport Ltd (OTCMKTS:WKSP) has been in the middle of a strong rally and the rally in the stock continued on Tuesday as investors continued pile on to the stock.
Yesterday, the stock jumped by 22% to take its gains over the course of the past month to as much as 70%. The company is involved in the providing advanced tonneau coverts for pickup trucks and its proprietary technology TerraVisTM has also been welcomed with enthusiasm by many. However, the stock soared yesterday after a recent leak suggested that Worksport is working on launching a new company that is going to be focussed on a new proprietary technology.
As per reports, it has emerged that the company has submitted a trademark application to the United States Patent and Trademark Officer for the name TerraVis Energy Inc. In addition to that, the company has also added a logo for the company in the above mentioned application.
It has also emerged that the application is in relation to a company that is involved in the fuel cells industry. In addition to fuel cells, it might also be involved in hydrogen gas refuelling, electric vehicle charging stations and uninterrupted power supply.
On Tuesday, WKSP stock surged 22% to $0.5890 with more than 5.36 million shares, compared to its average volume of 2.37 million shares. The stock has moved within a range of $0.4889 – 0.6090 after opening the trade at $0.4948. Over the past 52-week, the stock has been trading within a range of $0.0600 – 0.8200.