American Battery Metals (ABML) Stock Soars 55% in a Month: But Why?
The lithium ion battery recycling technology company American Battery Metals Corporation (OTCMKTS:ABML) has been in considerable focus among investors in recent times.
Over the course of the past month alone, the stock has managed to record gains of 55% and in this situation, it might be a good move for investors to take a closer look at the company. Last week, the company announced that it managed to acquire and record two more water rights, which total 21.635 acre feet.
It is a significant acquisition for the company since it further strengthens the certainty of water being available for the operations of its lithium ion battery recycling plant. American Battery Metals Corporation is planning to produce 20000 metric tons per year at that plant. The latest water rights acquisition brings the total so far to 116.635 feet. Investors could consider adding the stock to their watch lists at this point considering the scale of the gains in recent weeks.