MMEX Resources (MMEX) Makes An Impressive Move: A Bullish Sign?

The solar energy sector has grown at a reasonable pace in recent years and if investors are looking for stocks in the sector, then the MMEX Resources Corp (OTC: MMEX) stock could be considered.

The company is involved in financing, acquisition, and development of oil, gas, and refinery projects in South American and the United States. However, on Monday, the MMEX stock soared after the company announced that it is looking to get into solar energy. The news proved to be a major trigger for its stock price yesterday and the stock rallied by 364% as investors piled on to the stock in a big way.

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MMEX announced that it wants to develop solar energy in order to supply power to a range of planned projects related to low sulfur fuels and hydrogen combined carbon dioxide capture. These are ambitious plans and it is not surprising that such an announcement has led to considerable interest in the MMEX stock.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life