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Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Post by tamaracktopon Sep 15, 2023 10:10am
215 Views
Post# 35638086

Not quite, but not too too far off

Not quite, but not too too far offThe stock opened at $2.34 on 31,000 shares.

It's highly unlikely that the stock established its day high on the first trade of the day, particularly since there's no news. 

I can almost guarantee that the stock will trade higher than $2.34 today, but I can't, obviously. 

It seems to me that we've seen a barely perceptible change in the direction of the line of least resistance. 

More often than not recently, the moves out of nowhere and for no apparent reason have been to the upside. 

Yesterday was an example of that.

The stock is now trading up 22% from its low at $1.91 on August 29th, barely more than 2 weeks ago, and with little or no fanfare. 

I can't predict short-term moves worth jack, but just for fun I'll say the opening today gave us a reading on the prevailing sentiment and I'll go out on a limb and say we test $2.40

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