DSG Global Inc (OTCMKTS:DSGT) is trading slightly lower in the opening session on Thursday. The stock has slumped 80% so far this year. Will the stock rebound in July?
Market Action
As of 10:36, DSGT stock is down 1% to $0.19 with more than 320k shares, compared to its average volume of 982k shares. The stock has moved within a range of $ 0.1850 – 0.1950 after opening the trade at $0.1950.
Major Trigger:
DSG Global Inc’s Automotive Division Imperium Motors makes progress on ET5 SUV, Terra-e Trucks and Jonway Vehicles During Current Quarter
- DSG Global, Inc. and its automotive division, Imperium Motor Corp, are preparing vehicles for sales from partners Skywell Auto and Jonway Automotive Group in the coming months.
- Skyworth Auto, launched on April 27, will be a leader for smart new energy vehicles. Skywell and the electronics giant Skyworth signed an agreement in late March under which Skyworth will transfer the ownership of 11 trademarks related to vehicles to Skywell. Upon completion of the trademark transfer, “Skyworth Auto” will be brought under the management of the Nanjing-headquartered EV maker.
Key Quote:
“The company is finally in a position, with increasing production and inventory, regular shipments and proper lines of credit with the various manufacturers to begin delivering vehicles on a grander scale. The current backlog is being processed and the company anticipates deliveries to individuals, fleets, dealers and government agencies during the second half of the year,” announced Rick Curtis, CEO of Imperium Motors.
 Stock Continues to Trade Lower: Down 80% This year){kind=link}