A Toronto-based small cap turned heads this morning after it was announced that the company hired Sussex Strategy Group to provide government relations services in Canada. Ian Clifford, CEO of FuelPositive Corporation (TSX-V:NHHH) went on to say "As a Canadian growth-stage technology company focused on developing clean technologies to fight climate change, we know we share a lot of goals with the federal government and many provincial/territorial governments across Canada." Shares rallied on the news.
FuelPositive, a development stage company, focuses on providing electrical energy storage and related capacitor technologies in Canada. The company was formerly known as EEStor Corporation and changed its name to FuelPositive Corporation in February 2021. FuelPositive Corporation was founded in 2000.
Traders were bullish on the news as shares got up to an early session high of $0.21/share (+10.53%) following the announcement. This move could be an indication of things to come as the price appears to have found support since pulling back from its 52-week high of $0.40.
