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What Drove Duesenberg (DUSYF) Stock Up 29% Last Session?

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The stock of Duesenberg Technologies Inc (OTCQB: DUSYF) closed up 29.52 percent on Wednesday at $0.5700 and has been trading between $0.4401 and $0.6000. Duesenberg stock fell -21.92% in the last month while its average daily volume remained 18.09K shares. Forming a new Strategic Committee by the company led to an increase in DUSYF stock price.

The committee was formed for what reason?

Founded by investors with experience in the online business and marketing, Duesenberg is the outcome of a collective ambition. DUSYF helps businesses and entrepreneurs turn their ideas and visions into a reality. As part of the Paris Agreement, DUSYF strives to reach climate neutrality across its entire value chain.

The Development in Energy Transition Goal at Duesenberg promotes energy resiliency. In DUSYF’s strategy, the reduction of greenhouse gas emissions is identified as one of the most important ways to help mitigate the effects of climate change, reduce energy consumption, and improve air quality.

Late last month, Duesenberg announced that it would create a strategic committee to review and craft an international capital markets strategy with emphasize on Canada and Europe.

A listing application for DUSYF’s common shares on the Canadian Securities Exchange (“CSE”) is expected to be considered by the strategic committee during its review.

The objectives of this initiative are to:

  • grow the international shareholder base of DUSYF;
  • promote the growth strategy and accomplishments of DUSYF;
  • increase liquidity of DUSYF’s common shares;
  • raise the profile of DUSYF and
  • increase the value of DUSYF for its shareholders.

How will this initiative help DUSYF move forward?

Getting listed on the CSE is a significant step for Duesenberg (DUSYF), which will allow the company to gain a larger shareholder base in Canada and Europe. In order to list on the CSE, DUSYF’s Common Shares must be reviewed, approved and comply with all applicable listing and regulatory requirements.

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