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Exro Technologies Inc T.EXRO

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

Industrials
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

Exro Technologies Inc > I have a different take on it
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Post by tamaracktopon Dec 28, 2023 4:07pm
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Post# 35803120

I have a different take on it

I have a different take on itYesterday was the last day for tax-loss selling in Canada. 

It was the last day to trade stocks and have the trades settle in the 2023 calendar year.

What you're seeing today is short covering.

By holding off until today to cover their positions, the shorts have deferred having to pay taxes on their gains until 16 months from now
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