RETO Stock Price Increases Over 100% Pre-Market: Why It Happened

By Amit Chowdhry ● February 22, 2021
  • The stock price of ReTo Eco-Solutions Inc (NASDAQ: RETO) is trading at over 100% pre-market. This is why it happened.

The stock price of ReTo Eco-Solutions Inc (NASDAQ: RETO) — a company striving to bring clean water and fertile soil to communities worldwide — is trading at over 100% pre-market. Investors appear to be responding to rumors that ReTo Eco-Solutions will be announcing more news about projects for the 2022 Winter Olympics in Beijing.

In late January, ReTo Eco-Solutions had announced it received State-backed funding with the launch of its second high-visibility Beijing Winter Olympics Competition Zone project. And the latest project launch follows ReTo’s August 2020 launch of a state-of-the-art wastewater treatment solution as part of the Yanqing-to-Chongli Expressway, connecting the two competition zones for the 2022 Beijing Winter Olympics in the Yanqing district of Beijing and the Chongli district of Zhangjiakou. 

ReTo had worked with Tsinghua University Academy of Fine Arts on the high-profile national priority research and development plan for the project. And that project features many advanced technology applications in the fields of solid waste utilization, 3-D printing, solar energy utilization, energy storage, and luminescent materials. 

As a national priority scientific research project, it will serve as a core of the Shougang Park (the main venue of the Beijing Winter Olympics) where a series of key events are expected to be held. And under the project plan, ReTo will develop the technology, equipment and special materials, necessary facilities in the park, and the company will provide ongoing maintenance and management of the eco-friendly solution. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.