A California-based green tech firm just announced this morning that the company will implement a 90-day plan to buyback shares in addition to announcing the company will move the final stages of their battery development and planning to the United States. This double-tiered announcement has traders excited as shares of Global Warming Solutions Inc. (OTCPK:GWSO) are catching a bid prior to market open.
Global Warming Solutions Inc. develops and commercializes technologies that help mitigate global warming and its effect on the planet. The company’s targeted areas include clean energy, carbon control, and water purification. It also offers hemp-based cannabinoid (CBD) products.
Traders appear to be bullish on the news as shares are currently bid up at $3.30/share (+9.63% implied open for sellers) as we head into the final twenty minutes of premarket activity. This move would come just as the stock neared the previously established support back in September of last year.