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Earlyworks Ltd ADR(ELWS-Q)
NASDAQ

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Micro Cap Aggressively Bid Up Before Opening Bell

AllPennyStocks.com - AllPennyStocks.com - Wed Feb 14, 8:40AM CST

A Tokyo-based blockchain company is seeing its shares soar during Wednesday’s premarket after it was disclosed that the company’s CTO exercised his options to accumulate 1,000,000 shares of common stock, representing a 6.2% stake in the company.

Shares of Earlyworks Co. Ltd. (Nasdaq:ELWS) were aggressively bought up by traders during Wednesday’s premarket following the SEC disclosure, with traders currently willing to buy the stock at $1.58/share (+247.25% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!

Earlyworks Co., Ltd. operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens. It serves the information technology, shipping, real estate, entertainment, cosmetics, and chemical products sectors. The company was incorporated in 2018 and is based in Tokyo, Japan.

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