Key Executive Appointment Sends Small Cap Higher - InvestingChannel

Key Executive Appointment Sends Small Cap Higher

A cleantech company based out of North Carolina found tremendous success on Tuesday following the appointment of Chris Gannon as its new President and Chief Executive Officer (CEO), effective immediately, according to a release this morning.

Rene Estes, the company’s Chairwoman, went on to comment “Chris’s extensive and proven track record of developing and executing high growth strategies along with his experience in industrial technology innovation, product commercialization, manufacturing, field services, and the water and wastewater industries, aligns perfectly with our near and long-term goals.”

Shares of 374Water Inc. (Nasdaq:SCWO) rallied strongly on Tuesday, closing up at $1.34/share (+7.20%) on the day. This move could be an indication of things to come as it appears the recent consolidation could be leading into a rally for this small cap.

374Water Inc is a social impact, cleantech company located in Durham, North Carolina. It offers an innovative technology that enables a circular economy and creation of a world without waste. Its mission is to preserve a clean and healthy environment that sustains life. The company applies cutting-edge science and engineering to recover resources from the wastes to keep drinking water clean.

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