Elong Power Holding Limited, through its subsidiaries, is engaged in the research and development, production, and market application of high-power lithium-ion...
ELPW surged to an intraday high of 1.040 in pre-market trading before settling into a steady uptrend to close at 1.010, up about 5.7%, driven by the company's completion of a $6.0 million public offering and recent debt repayment to its CEO. The stock initially gained over 10% pre-market, but the rally moderated during regular hours, reflecting cautious sentiment. At 1.010, the price remains far below the 52-week high of 15.27 and is down 47.4% year-to-date, though it has rebounded over 25 times from the 52-week low of 0.0382, while still trading below the 60-day moving average of 2.084.
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eLong Power corrects common warrant adjusted exercise price to US$ 0.23
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eLong Power (ELPW.US) tumbles 10% after hours on $6.6M offering
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