Lesser-Known EV Company Finds Massive Success On Tuesday

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, November 12, 2024

An EV manufacturing company based out of California found a tremendous amount of success on Tuesday after the company announced its Class 1 EV cargo van is listed for vehicle rental on Turo.

Traders didn’t hesitate in the slightest to snatch ups shares of Mullen Automotive Inc. (Nasdaq:MULN), pushing the micro cap up to $3.42/share (+100.00%) at the early session high. This rally was the first sign of lift form this stock as it has been riding a multi-month downtrend pretty much all year.

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership.

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Friday's technical standout looks to be Canaan Inc., which is displaying a Golden Cross (50 DMA / 200 DMA) with today’s move to $1.97.

TSX-Venture traded, Azincourt Energy Corp. took off in Friday's trading session. Shares climbed an impressive 50.00%, ending the day at $0.02.

Friday's largest penny Stock gainer on the OTC Markets was Institute of Biomedical Research Corp, which rallied 85.96%, closing at $0.01.

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Lesser-Known EV Company Finds Massive Success On Tuesday

Other Penny Stock Movers

Strategic Acquisition Sending Shares of Junior Miner Higher

U.S. Housing Starts Trend Down, Existing Sales Recover

Shares of Global Commodity Market Leader Moving Up in Heavy Trading

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