Edison Battery Metals (OTCMKTS:EDDYF) Stock Jumps 45% In a Month: But Why?

Investors are often a bit more interested in those stocks which may have recorded its gains over a reasonable period of time and by that token it might be a good time to look into the Edison Battery Metals (OTCMKTS:EDDYF) stock.

Trading Data

On Tuesday, EDDYF stock  moved down 4.91% to $0.1459 with more than 3.8k, compared to its average volume of 6.9k million shares. The stock has moved within a range of $0.1459 – 0.1595  after opening trade at $0.1595.

Edison Battery Metals Changes Name to Edison Lithium Corp.

In the past month the Edison Battery Metals stock has attracted the attention of many investors and during the period, it has managed to generate gains of as much as 45%. As it happens, the company was in the news earlier on this week on Monday as well when it made an announcement with regards to a change in name.

Edison Battery Metals announced that it was going to change its name to Edison Lithium Corp. The change in the name has been brought about by the intention of the company to reflect the fact that it was focussed on the fast growing lithium market.

The change in the name has also been approved by the TSX Venture Exchange and the stock will start trading under the new name from November 25, 2021. However, in this context, it should be noted that the ticker symbol of the stock is going to remain EDDY despite the change of name.