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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 Mar 19, 2024 12:26pm
232 Views
Post# 35940812

Just 10 months ago

Just 10 months agoExro raised $34 million in a bought deal at $2.25 that was oversubscribed. 

I bought at $1.21 on November 7th, 2022 and saw it top $3.00 three months later.

I thought I was golden.

When the stock turned lower and was dropping relentlessly, I put in a stop just above my purchase price because I couldn't figure out why it was doing what it was doing.

I was stopped out in January, and I was sorry to see it go.

My sale was a purely mechanical defense mechanism. 

I sold at $1.23.

I've been looking for a reason to buy back ever since and I still haven't found it.

I didn't think it would go this low.

Companies in their neo-natal stage are always subject to volatility and wild price swings based on little more than sentiment. 

Sentiment is fickle, but personally I find this ridiculous. 

I can't see a development in the last 10 months that would explain the stock going from being in tremendous demand at $2.25 to dead in the water below 80 cents.

The only explanation that I can come up with is that there have been no "developments", other than this merger. 

Personally I think this is extremely oversold.

The problem is that stocks can remain oversold for a long time.

Until there's a seriously material development that rouses them.

If one comes.

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