On Tuesday, the Envirotech Vehicles Inc (OTCMKTS:EVTV) stock emerged as one of the notable movers in the market and ended up with gains of as much as 8% amidst heavy action. In this situation, it may be a good idea for investors to consider taking a look into the announcement from the company on Tuesday.
Market Action
On Tuesday, EVTV stock gained 8.60% to $0.2824 with 135K share, compared to its average volume of 411K shares. The stock moved within a range of $1.6780 – 1.8100 after opening trade at $1.81.
Envirotech Vehicles to Host Conference Call to Discuss Fourth Quarter and Full Year 2021 Results
The company, which is involved in providing purpose built zero emission electric vehicles, announced yesterday that it was going to host a conference call on April 27 in which it was going to have a discussion on its financial results for the fourth fiscal quarter and the full fiscal year of 2021.
The call is going to commence at 5 in the evening Eastern Time. The announcement came as a source of optimism for investors on Tuesday and led to a rally in the stock. However, it now remains to be seen if the stock can manage to hold on to its momentum and continue to add to its gains over the coming days. The company has directed interested parties to dial in at least five minutes prior to the beginning of the call. It could be a good move to keep an eye on the stock this morning.
Traders Note
EVTV stock is trading below the 20-Day and 50-Day Moving averages of $0.30 and $0.29 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 45.
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