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Why Is ESGL Holdings (ESGL) Stock Up 54% Today?

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  • ESGL Holdings (ESGL) stock is rising on a renewed contract with Singapore Refining Company Private Limited.
  • That will see it handle catalyst waste disposal services through 2025.
  • This news brings with it heavy trading of the company’s shares.
ESGL Stock - Why Is ESGL Holdings (ESGL) Stock Up 54% Today?

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ESGL Holdings (NASDAQ:ESGL) stock is taking off on Tuesday after the waste solutions company announced a renewed contract with Singapore Refining Company Private Limited.

According to a press release, the Environmental Solutions (Asia) Pte Ltd subsidiary of ESGL Holdings renewed its Used Catalyst Disposal Contract with Singapore Refining. That will see it continue to offer catalyst waste disposal services to the company through Dec. 31, 2025.

Leng Chuang Quek, Chairman and CEO of ESGL, said the following about the renewed contract:

“SRC is an important customer to ESGL. We are delighted to continue to collaborate with the petrochemical industry to bring circular economy solutions. The renewal for 2 years is a testament to the Company’s strategy, execution, and long-term potential with the support of our long term partners like SRC.”

ESGL Stock Movement on Tuesday

Following this announcement, shares of ESGL stock are seeing increased activity today. That has more than 4.4 million shares changing hands as of this writing. This is already well above the company’s daily average trading volume of about 346,000 shares.

ESGL stock is up 54.3% as of Tuesday morning. That builds on a 42% rally on Monday.

Investors looking for more of the latest stock market stories are in the right place!

InvestorPlace is home to all of the hottest stock market news that traders need to know about on Tuesday! Among that is what’s sending RiskOn International (NASDAQ:ROI) stock higher, the biggest pre-market stock movers this morning and more. All of that news is ready to go down below!

More Stock Market News for Tuesday

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2023/11/why-is-esgl-holdings-esgl-stock-up-54-today/.

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