Shares of Global PoleTrusion Group (OTCMKTS:GPGC) have been moving within a narrow range over the past few weeks.
Market Reaction
On Monday, GPGC stock ended flat at $0.25 with more than 1.7k shares, compared to its average volume of 3.38k shares. The stock has moved within a range of $0.2500 – 0.2500 after opening trade at $0.25.
Provides Letter from the President of the Company
Engineering firm fulfilling needs of telecommunications and utility companies, providing composite poles, towers, and renewable energy solutions, Global PoleTrusion Group (OTCMKTS:GPGC) President and CEO Ramiro Guerrero wrote a letter to shareholder providing updates.
In the letter, the firm highlighted that despite challenges of Covid-19 pandemic in the last two years, it has been focusing on planning and development of the company. Global Pole Trusion stated that it has made strides in solar division by fostering partnerships in South America, Africa as well as Central America.
Some of the significant Power Purchase Agreements include 40 megawatts with both the Panama Government and private companies besides 90 MW with Colombian utilities as well as private firms. Furthermore, the letter said that the company has been diligently working to develop local relationships and move ahead on environmentally friendly places in African markets. Additionally, the company is developing high-level Advisory Board for assisting with the development of East African Market.
Guerrero added that the firm and its partners in the continent are working in developing solar power solutions. The firm also announced on financing arrangements being made for funding solar project developments.
The company is working with World Bank guidelines for providing power to rural parts in emerging areas globally with low electrification rates.
