Lithium-Ion Battery Company Bid Up Premarket

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, November 9, 2021

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 Technology Co 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 premarket 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.

Copyright © 2021 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.