For those that follow our Pro features closely, you’ll probably already know that we’re rather fond of this particular stock. Though originally just a tech firm, this micro cap has made its way into the Electric Vehicle (EV) space after it announced that it will be launching an Electric Motorcycle line within Latin America. Well, jus today iQSTEL, Inc. (OTCQX:IQST) confirmed that the company is on track to deliver its first batch of EVOSS EV Motorcycles to Latin America by year-end and also followed up with a sneak peak of the bike!
iQSTEL Inc. is a technology company offering a wide array of services to the telecom and Internet industry. along with its subsidiary the firm offers international long-distance voice services for Tier-1 worldwide telco carriers (ILD Wholesale) and submarine fiber optic network capacity for data carriers and internet service providers both land-based and mobile (4G and 5G).
Shares of the Florida-based company rallied up to $0.4778/share (+6.18%) on the news. This move is in line with our long term view that this stock is set to revert back to the highs seen early this year.
