In recent times, many companies involved in the green energy and clean technology spaces have come into considerable focus among investors in recent years. One of the stocks that could be tracked by investors from the sector at this point in time is that of Clean Energy Corporation (OTCMKTS:CLNV).
Yesterday, the Clean Energy stock was in sharp focus among investors and soared by as much as 35% as investors piled on to it in a big way. The rally in the stock was triggered by an announced made by the company in relation to its subsidiary company Clean Seas.
It was announced that Clean Seas and Global Green International Investments signed a binding Memorandum of Understanding. It is a major development for the company considering the fact that Global Green is a well regarded renewable energy company that has been in existence for as long as thirteen years.
The company is based out of Singapore. As per the provisions of the agreement between the two companies, they are going to work jointly towards the maintenance and build out of processing plants that convert plastic waste to energy. It should be noted that the collaboration between the two is commercial in nature.
Market Reaction:
On Thursday, CLNV stock soared 34.50% to $0.0800 with more than 2.39 million shares, compared to its average volume of 48k shares. The stock has moved within a range of $0.0600 – 0.0913 after opening the trade at $0.0694. Over the past 52-week, the stock has been trading within a range of $0.0500 – 0.3050.
 Stock Gains Momentum: Will The Rally Continue?){kind=link}