The lithium ion battery recycling technology company American Battery Metals Corporation (OTCMKTS:ABML) has struggle in the stock markets over the course of the past week. The stock has declined sharply during the period and gone down by as much as 12%.
There has been no news about the company this week so far but the decline in the stock may have been triggered by an announcement from the company on July 28 about a key appointment. The company announced at the time that it appointed a new Chief Operating Officer in the form of the seasoned operations executive Andres Meza.
It is a key appointment for the company but it seems that the market did not quite get excited about the appointment considering the sort of selloff that the American Battery Metals Corporation suffered. However, it should be noted that it is a major appointment from American Battery Metals Corporation.
The company is currently working on the construction of its battery recycling facility and the Chief Operating Officer is expected to be a major influence on how the whole project is accelerated. Despite the selloff in the American Battery Metals Corporation stock, it could still be worth keeping in the watch lists.