24/7 Market News Snapshot 13 January, 2025 – N2OFF, Inc. Common Stock (NASDAQ:NITO)

January 13, 2025

DENVER, Colo., 13 January, 2025 (247marketnews.com) – (NASDAQ:NITO) are discussed in this article.
N2OFF, Inc. (NITO) is experiencing notable momentum in the pre-market trading, currently positioned at $1.603, representing a rise of about 6.87% from its previous closing value of $1.500. With a robust trading volume of 3.58 million shares, investor interest remains strong, potentially indicating further upward movement. This technical surge suggests a breakthrough beyond previous resistance levels, offering the prospect for additional gains. Traders are advised to closely observe any variations in volume and market trends, as sustained demand could encourage NITO’s climb, while a shift to overbought conditions may trigger profit-taking strategies. It is crucial to monitor support levels for effective risk management.

In addition to its market performance, N2OFF has recently achieved a significant milestone in its renewable energy initiatives through the approval granted by the Melz Municipal Committee for its collaborative project with Solterra Renewable Energy Ltd. This endeavor, called the Neve Yarak solar photovoltaic (PV) Project, is set to boast a capacity of 111 MWp, marking N2OFF’s entry into the renewable energy sector. The statutory plan was approved on January 2, 2025, propelling the company closer to achieving ready-to-build (RTB) status by the end of 2025, following comprehensive environmental and planning assessments.

David Palach, CEO of N2OFF, expressed pride in the advancement of this project, highlighting the strength of the partnership with Solterra and their collective commitment to delivering innovative clean energy solutions. As part of their investment strategy, N2OFF has provided substantial financial backing to Solterra, including a recent €470,000 disbursement, contributing to the overall €2 million loan aimed at accelerating the Melz project and exploring future opportunities.

N2OFF aims to play an integral role in the renewable energy sector, forging ahead with its mission to foster sustainable solutions through advanced technologies.

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