Shares of WaterPure International (OTCMKTS:WPUR) ended sharply higher on Friday on unusual volume.
On Friday, WPUR stock surged 65.14% at $0.0289 with more than 1.93 million shares, compared to its average volume of 2.60 million shares. The stock has moved within a range of $0.0180 – 0.0299 after opening the trade at $0.0189.
Did you know the renewable water market had an estimated value of over $263 billion in 2020 and is expected to reach $500 billion by 2028? As a part of updating its clean water operations, WaterPure International (OTCMKTS:WPUR) is currently working on a business plan to trial and refine new clean water efficiencies and technologies in developing economic markets. When the process is perfected, it will be scaled for all global markets.
The company has recently launched a new website that includes details of business plans implemented in early 2021, regarding clean water operations. Visitors can read about the first pilot project, which is now in operation, to include a short video of the company drilling for and striking water in the development of a well to support a dairy operation in Sub Sahara Africa.
The development comes at an important time when water shortage impacts over 3 billion globally, and the number is set to rise to 5 billion by 2050. Water scarcity is no longer an issue for solely economic regions. In the past summer, water shortage was declared in the largest U.S. water reserve, Lake Mead, which serves 10 million residents.
WaterPure International is working to make a water related intellectual property acquisition before the end of 2021. They are also in talks with Alkame Holdings to establish an emergency water reserve solution for disaster relief events in developing economic regions.