Volcon, Inc. (VLCN), a producer of electric off-road powersport vehicles, saw a significant increase of 81.60 percent in its stock value during Tuesday's trading session following the announcement of an exclusive distribution agreement. This partnership is with Super Sonic Company Limited, a subsidiary of AODES Industry, to deliver golf carts to original equipment manufacturers in the U.S.
Currently, VLCN shares are trading at $4.49, marking a $1.12 rise from the previous closing price of $3.37. Throughout the day, the stock experienced volatility, reaching a peak of $10.10 and dipping to a low of $5.27. The trading volume has dramatically increased to 38.6 million shares, far surpassing the typical average volume of 45,356.
