Ecotality, Inc. (ETLY.OB) Share Prices Increase an Additional 16% During Monday's Trading Hours
Ecotality shares continued to uptrend today. The upward move began last week after the company announced its potential fourth acquisition for the year. So far today share prices have reached as high as $0.31 and are currently trading at $0.29. The company to be acquired, Minit-Charger, is currently a subsidiary of Edison International, a NYSE-listed company. The acquisition of Mini-Charger will enable the company to increase its presence in the battery and fast-charge markets in addition to developing further applications for plug-in hybrid and electric vehicle markets as well as infrastructures. Minit-Charger’s premiere product is a rapid battery charging system that provides a…