24/7 Market News Snapshot 19 September, 2024 – SRIVARU Holding Limited Ordinary Shares (NASDAQ:SVMH)
DENVER, Colo., 19 September, 2024 (247marketnews.com) – (NASDAQ:SVMH) are discussed in this article.
The recent trading activity surrounding SRIVARU Holding Limited Ordinary Shares (SVMH) reflects a significant surge in investor interest, as the stock opened at $0.12 and rose to $0.131, marking an impressive increase of 18.55%. This uptick follows a previous closing price of $0.111 and is accompanied by a notable trading volume of 5.34 million shares. Such activity may indicate a bullish outlook among traders, who are advised to watch for key resistance levels around $0.14. As the trading day unfolds, it will be essential to monitor volume trends and relevant market developments to better understand potential price movements and future performance.
In parallel, SRIVARU Holding Limited has received a considerable boost following a recent decision by the Nasdaq Hearings Panel, which granted the company an extension for maintaining its listing on Nasdaq. This extension, resulting from a recent hearing, acknowledges SRIVARU’s ongoing efforts to meet compliance requirements and sets forth specific conditions that must be fulfilled by November 14, 2024.
The Panel’s decision allows SRIVARU to present evidence demonstrating its compliance with shareholder equity standards while providing detailed income projections for the coming year. This is a pivotal opportunity for SRIVARU as it focuses on implementing its compliance strategy while pursuing its growth initiatives.
Adron Leow, CFO of SRIVARU, expressed appreciation for Nasdaq’s support, highlighting the company’s commitment to advancing its compliance efforts and delivering value to its shareholders. As a leader in the electric motorcycle sector, SRIVARU is set to transform the riding experience with innovative electric two-wheeled vehicles (E2W). The company’s emphasis on sustainability and groundbreaking technology positions it at the forefront of eco-friendly transportation solutions, ensuring it meets the evolving demands of riders while upholding the highest standards of corporate governance.