Why SaverOne Stock (SVRE) Is Up Over 50% Today

SaverOne Inc SVRE shares are trading higher by 58% to $0.45 going into the close of Monday's session after the company announced a pilot with System Logistics.

The pilot aims to equip a portion of System Logistics' vehicles with SaverOne's safety solutions, with potential for expansion across the entire fleet.

SaverOne says this initiative strengthens SaverOne's presence in Italy, following previous collaborations in the region and signifies their growing momentum in Europe.

Ori Gilboa, CEO of SaverOne, highlighted the importance of this partnership in enhancing road safety across Europe, emphasizing the company's increasing positioning in European markets.

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According to data from Benzinga Pro, SVRE has a 52-week high of $2.60 and a 52-week low of $0.26.