Although many companies saw their stocks tank yesterday, the American Battery Technology Company (OTCMKTS:ABML) was one of the exceptions as it ended the day with gains of 6%. The company, which is involved in the critical minerals and lithium ion battery recycling industries, made an announcement with regards to a key appointment on April 25.
Trading Data
On Tuesday, ABML stock moved up 6.30% to $0.92 with more than 1.97 million shares traded, compared to its average volume of 2.07 million shares. The stock moved within a range of $0.8501 – 0.9899 after opening trading at $0.9150.
Recent News
American Battery Technology Company announced that it appointed a new Chief Financial Officer in the form of Kimberly Eckert. The appointment seemed to have led to a wave of optimism among investors and led to the rally that was witnessed yesterday. It may now be a good move to actually take a look at Eckert’s credentials.
Eckert is a highly experienced executive and boasts of more than twenty years’ worth experience in strategic mineral resource development and corporate finance. More importantly, she had worked in the precious metals and critical metals industries.
Although it is true that there was no news about the company yesterday, this was the last major news that had emerged with regards to American Battery Technology Company. At this point in time, it may be a good move for investors to keep their eyes peeled and watch out for any news that may emerge.
Technical Data
ABML stock is trading below the 20-Day and 50-Day Moving averages of $1.08 and $1.11 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.20.
