Why Visionary Holdings (GV) Stock Is Skyrocketing

Visionary Holdings Inc GV shares are trading higher by 80% to $2.33 during Wednesday’s session after the company reached a financing consent letter worth $1 billion from Alfardan Group of Qatar to fund product R&D and the development of PEGASUS new energy vehicles.

What To Know: Toronto-based Visionary has secured a $1 billion financing deal with Qatar's Alfardan Group to accelerate the research, development and global expansion of its PEGASUS new energy vehicles. While full financial details remain undisclosed due to NASDAQ regulations, the investment marks a significant boost for the company's EV ambitions.

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Visionary plans to use the funds to enhance R&D in battery efficiency, intelligent driving and vehicle safety. The company also aims to establish a manufacturing base, improve production efficiency and strengthen global market presence. Additionally, it will invest in branding and sales expansion to solidify PEGASUS as a key player in the EV industry.

Looking ahead, Visionary says the company is focused on international expansion, particularly in Europe and North America, while forming strategic partnerships to drive innovation in the rapidly growing EV market.

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How To Buy GV Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Visionary Holdings’ case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, GV has a 52-week high of $8.85 and a 52-week low of $1.00.