EV has frequently been the talk of the town, proving to be fruitful for long term investors time and time again. This morning, an Ontario-based company that has its hand in the EV space being an auto parts manufacturer announced that it had finalized a second major private label agreement. Shares of Worksport Ltd (OTCQB:WKSP) were up big following the news, continuing their multi-month rally.
Worksport is engaged in the business of auto parts manufacturing. Worksport is engaged in developing multiple products for pickup trucks available in North America. It also offers tonneau covers. Its product line includes Worksport Tri-Fold, Worksport Smart-Fold, Worksport Quad-Fold, and Worksport Forte.
Traders were excited on the news as shares ran up to a session high of $0.529/share (+20.22%) following the announcement. This stock has been on quite the run over the last few months, coming from a 52-week low of just $0.06/share.