India, March 12 -- Shares of Visionary Holdings Inc. (GV) jumped 30% on Wednesday morning after the micro-cap company announced a partnership with PEGASUS International Group to establish a new energy vehicle battery swap market in Hong Kong.
GV is currently trading at $6.48, up $1.53 or 30.91%, on a heavy volume of 21 million shares, above average volume of 7.2 million, on the Nasdaq. The stock opened its trading at $7.32 after closing Tuesday at $4.95. The stock has traded between $1.00 and $9.60 in the past 52-week period.
According to the cooperation agreement reached by the two parties, Visionary will invest HK$420 million and plans to build 600 battery swap/charging stations in Hong Kong by 2029.
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