The renewable energy sector can be classified as a ‘hot sector’ at this point in time due to the widespread policy thrust towards such forms of energy. Hence, investors are increasingly looking to invest in companies that are involved in the sector.
In light of developments this week, it might be a good idea for investors to look into the Viper Networks (OTCMKTS:VPER) stock. Earlier this week, the company announced that it completed the signing of an agreement by way of which it is going to partner with BIET Technologies Group on a joint venture.
This joint venture is going to be engaged in helping with the deployment of renewable power projects in different nations. Some of the countries in which the joint venture is going to be involved include Malawi, United States, Sri Lanka, and South Africa. It is a significant development for Viper Networks and the stock was in action in the stock market yesterday as investors piled on to it in a big way.
The Viper stock jumped by as much as 30% on the back of the announcement and it now remains to be seen if it can add to its gains today.
However, that is not all. There was another important development back on March 31 that had resulted in optimism among investors. Back on March 31, the company had announced that it became completely compliant with the Guidelines For Providing Adequate Current Information at the OTC Markets.
Becoming current is an important development for a company and eventually, it often leads to greater confidence among investors as well. The company managed to become compliant by submitting its financial results for the full year 2018 and the full year 2019 to the OTC Markets authorities. Viper Networks is also going to file its financial results for the quarter ended March 31, 2021, on a date no later than May 31, 2021.
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