For one of the larger swings across the street today, BioPower Operations Corp (OTCPK:BOPO) saw its shares rip up over +400% mid session after the company announced that it had entered into an Asset Purchase Agreement to acquire certain assets related to the HyFi Blockchain Technology.
BioPower is a development stage company. Through its subsidiaries, it is engaged in developing waste to energy projects by designing, engineering, permitting, procuring equipment and managing construction. Further, it also focuses on providing waste remediation services. All the activities are generally carried out through the United States.
Traders were extremely optimistic on the news as shares hit a mid-session high of $0.32/share (+431.56%). This move was a massive breakout from the trading range the stock has been in for months. As we head into the final 30 minutes of trade, the price drifted down to $0.11/share (+82.72% DoD).
