A Nevada-based lithium-ion battery company is catching a bid this morning following a bullish start to the week on Monday. This continuation of bullish sentiment could be an indication of things to come since this stock is well off its 52-week highs and it appears to have found support recently. Long-term shareholders of American Battery Technology Co (OTCQB:ABML) can finally breathe a little easier as their position has begun to pay off this week.
American Battery is engaged in lithium-ion battery recycling, battery metals and material extraction, and resource production. It is a battery metals company producing low-cost battery metals with a commitment to closed-loop, clean energy technologies.
Traders continue to be bullish on this stock as shares are currently bid up at $1.56/share (+4.70 implied open for sellers). This pre-market action comes just one day after the stock ripped up to close at $1.49/share (+19.20% on the day) after the company received a $2 million contract.
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