An Arizona-based water tech company just announced the deployment of its first downhole pump and related oil production and water filtration technologies on a 500-acre mineral lease, according to the press release. Shares of Cyber Enviro-Tech Inc. (OTCPK:CETI) are bid up on the news.
Cyber Enviro-Tech is a water science technology company that designs water purification and cyber solutions for commercial applications and industries. The company manufacture and sell water filtration, desalination, and oil separation systems. It serves Oil and Gas; Dairy Farms and Feedlots; Agriculture; Mining and other industries.
Traders appear to be bullish on the news as shares are bid up at $0.40/share (+8.11% implied open for sellers) as we headed into the final minutes of pre-market. This move would be a strong continuation of the success this stock has had over the last three months.
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