Uxin shares drop 45% as predicted by InvestingPro’s Fair Value model
OCEANSIDE, Calif. - General Enterprise Ventures, Inc. (OTCID:GEVI) announced that its common stock has been approved for listing on the NYSE American LLC. The company, currently valued at approximately $126 million in market capitalization, will begin trading on the NYSE American on December 4, 2025, under the new ticker symbol CITR.
The company’s shares will continue trading on the Other OTC Market until market close on December 3, 2025, after which trading on that market will terminate. Stockholders do not need to take any action regarding the uplisting. The stock has experienced significant volatility, having declined nearly 9% in the past week and 37% over the last six months, though it remains up about 64% year-to-date according to InvestingPro data.
General Enterprise Ventures owns the CitroTech family of products, which focuses on wildfire prevention and wood product solutions. The company’s subsidiary, Mighty Fire Breaker, LLC, provides non-toxic wildfire defense solutions including home defense systems, mobile application systems, and fire-resilient building product components. Despite doubling its revenue over the last twelve months, the company maintains a weak 9.8% gross profit margin and is not yet profitable, with an EBITDA of -$20.3 million.
According to the company’s press release statement, the CitroTech fire inhibitor has received EPA Safer Choice designation and UL GREENGUARD GOLD recognition.
The uplisting represents a significant development for the company as it seeks to increase visibility and potentially improve trading liquidity. NYSE American is a national securities exchange that typically hosts small-cap companies.
In other recent news, General Enterprise Ventures, Inc. has appointed Wes Bolsen as the new Chief Executive Officer. Bolsen takes over from Ted Ralston, who will now serve as Chairman of the Board. Bolsen brings a wealth of experience to his new role, having over 20 years in the wildfire protection industry. He co-founded LaderaTech and led it to acquisition by Perimeter Solutions, where he played a key role during its $2 billion public listing. This leadership change marks a significant development for General Enterprise Ventures, as Bolsen’s expertise is expected to guide the company forward.
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