What's Going On With Spectaire Holdings Stock?

Spectaire Holdings, Inc. SPEC shares are trading higher Thursday, and the stock has gained more than 80% over the past five days.

What To Know:

Spectaire announced a strategic distribution agreement with MLab and its service and distribution partner Mosolf to bring the AireCore emissions measurement system to the European trucking market.

“The staff at MLab and Mosolf hold leadership roles in various European trucking associations who are helping trucking companies prepare for the strengthened emissions regulations proposed in Euro 7,” said Brian Semkiw, CEO of Spectaire.

He added, “Through this partnership, we anticipate rapid adoption of AireCore in the European trucking market because we believe Spectaire is uniquely able to address the needs of RDE (Real Drive Emissions) which is a critical component of Euro 7. Today we can deliver the vision of real drive emissions to fleets years ahead of Euro 7 requirements.”

Spectaire shares are moving on heavy trading volume which has persisted through the stock’s climb since Monday. According to data from Benzinga Pro, more than 16 million shares have already been traded in the session, compared to the stock’s 100-day average volume of just over 855,000 shares.

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SPEC Price Action: According to Benzinga Pro, Spectaire Holdings shares are up 17.3% at $2.85 at the time of publication.

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