AmmPower Corp. (OTCMKTS:AMMPF) stock is moving up in the opening session. The stock has seen heavy buying pressure over the past few weeks with a jump of over 80% since late April. Will the stock rebound?
Major Trigger:
AmmPower Corp. Appoints Former Canadian Representative of International Maritime Organization, Pierre Marin to Advisory Board
Key Highlights:
- announces the appointment of Mr. Pierre Marin to its advisory board, effective immediately.
- Mr. Marin worked for the Canadian Federal Government for over 32 years, in a variety of senior roles. Most recently, Mr. Marin represented Canadian at the International Maritime Organization (“IMO”), and the International Civil Association on environmental issues.
- Mr. Marin has also served as the Director General for environmental policy at Transport Canada, specifically coordinating government policy towards the transportation sector and the environment.
- The IMO has recently announced targets to reduce the shipping industries green-house gas emissions by 50% by 2050[1], including a reduction of carbon intensity of its fleet by 40% by 2030[2]. AmmPower will work together to introduce the IMO’s member companies and countries to its green technologies to aid the IMO in reaching these goals.
Key Quote from
“Mr. Marin’s extensive background with the Federal Government, particularly with regards to environmental policies is a great addition to the company’s advisory board.” States AmmPower President Rene Bharti.
Market Reactions: Stock Moves Up
As of 11:40, AMMPF stock gained by 6.75% at $1.35. Total volume so far stood at 3.13 million shares, compared to its average volume of 81K shares. The stock moved within a range of $1.2900 – 1.4500 after opening at $1.26.
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