More and more companies are now growing increasingly conscious of environmental issues. Hence, it came as no surprise when the big ticket jet engine manufacturer Rolls Royce Holdings Plc (OTCMKTS:RLLCF) announced last month that it is going to come up with new products that will be in line with its goal to become a net zero emissions company by 2030.
There was no fresh news about the company in recent days but the Rolls Royce stock made a strong move on Thursday and went up by as much as 42% on the back of heavy interest. However, considering the magnitude of the gains, it might be a good idea to take a closer look at the company’s plans to become net zero emission.
In a statement that was released back on June 18, 2021, the jet engine manufacturer stated that it was speeding up its plans to become a zero carbon company. In order to accomplish that, it has come up with a number of goals which is going to create a map for Rolls Royce to accomplish its goals. Companies which decided to launch such initiatives are often lauded highly and that may often have a positive effect on the stock.
Market Reaction:
On Thursday, RLLCF stock soared 42.13% at $0.0307 with more than 26.61 million shares, compared to its average volume of 15.07 million shares. The stock had moved within a range of $0.0200 – 0.0505 after opening the trade at $0.0200. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.1006.
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