Home Financial Markets Here is Why American Battery Metals (ABML) is the Penny Stock to...

Here is Why American Battery Metals (ABML) is the Penny Stock to Watch for 2021

American Battery Metals Corporation (ABML) (soon to be called ‘ABTC’ or American Battery Technology Company) is a leading innovator in the field of clean technology produced to increase the development of primary metals used in batteries that fuels electric vehicles (EV), applications for grid storage, and consumer electronics. ABML stock surged around 32% in yesterday’s trading session with a trading volume of 22.83 million shares.

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Recent Performance:

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Shares of ABML surged over 735% in the last month, with avg volume for the month is over 15 million shares. If we look at three-month performance, ABML stock gain over 884% while avg volume for the stock was 7.81 million. 2020 was the best performance year for the stock with over 4500% gain in stock price, reaching a high of $1.54 with a $733 million market cap.

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Recent Developments:

The company issued a detail about its recent developments in a press release on 15 Dec which includes

• American Battery Metals (ABML) purchased 12.44 acres of undeveloped land located at 345 Winston Road, Fernley, Lyon County, Nevada. To establish a Pilot Plant campus, the company will develop five separate buildings on this land.

• The company also secured water rights on multiple locations in Fernley Area Basin 76.

• It hired Miles Construction for the design and construction of its Fernley pilot plant campus.

Conclusion:

ABML is one of the best penny stocks; why? Its High-quality batteries are possibly going to make that happen, given the future demand for Electric vehicles. Also, bear in mind that the company has started to build its leadership team. ABML took on Kris Gustafson, the former Staff Recruitment Manager at Tesla, earlier this month. The job will be Lead Procurement Manager at American Battery. Hence, with all of this happening right. As the EV space is heating up, ABML might be one of the electric vehicle penny stocks to watch going into the new year.

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