American Battery Metals Corporation (OTCMKTS:ABML) was volatile after a big jump on Friday, with the stock ending with gains of 34%. Although the gain is substantial, investors need to remember no news triggered the surge.
In mid-August, the company caught headlines after commending the US Senate for passing the bipartisan infrastructure bill. The legislation is a blessing for the company, considering it focuses a lot on investments in electric vehicles and green energy sectors.
Also, the company announced the appointment of Ryan Melsert as the new CEO. Meslert has been the company’s Chief Technology Officer, and his appointment is part of American Battery Technology Company’s leadership transition to focus on tech development and commercialization initiatives and position itself for growth. Outgoing CEO Doug Cole said that he has worked with Ryan in the last two years in which they set the direction for the company and help it to where it is currently. ABML is worth watching in the coming weeks.
Market Reaction:
On Monday, ABML stock fell 2.15% at $1.5950 with more than 6.15 million shares, compared to its average volume of 2.53 million shares. The stock has moved within a range of $1.4800 – 1.9500 after opening the trade at $1.91.
