Altair International (ATAO) Stock More Than Doubled: Here is Why

There were many stocks that recorded gains on Thursday and one of the more notable gainers was the Altair International Corp (OTCMKTS:ATAO) stock.

Yesterday, the company’s announced that its fully owned subsidiary company EV Lithium Solutions Inc made major progress with regards to its exclusive solid-state graphene architecture lithium battery technology. That came as a major boost to the Altair stock and it soared by as much as 106% as investors piled on to the stock in a big way.

It was also announced that the development has progressed ahead of the schedule. More importantly, Altair has also hired the services of Culhane Meadows PLLC for the purpose of applying for patents at the United States Patent and Trademark Office. Culhane has considerable experience in this space and has helped with a large number of technology-related patent applications. It is now going to be interesting to see if the Altair stock can add to its gains today.