Home Financial Markets Penny Stocks This is why the potential for American Battery Metals (ABML) is still...

This is why the potential for American Battery Metals (ABML) is still strong

The lithium-ion recycler American Battery Metals Corporation (OTCQB: ABML) saw its share falling 3.33% on Friday. With the drop of -$0.11, the price of the Nevada company now stands at $3.1900. However, the loss in the stock price rises to -16.93% over the past 5 sessions.

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The company operates as:

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  • American Battery Metals Company is best equipped across its three subsidiaries to produce battery metals.
  • These included the recycling of lithium-ion batteries, mining technology, and primary materials.
  • It stands among innovative American-owned lithium-ion battery recycling technology companies.
  • The business has developed a forum for renewable technologies that increase the output of primary metals used in batteries that fuel electric vehicles, applications for grid storage, consumer electronics, and tools.
  • The company holds advanced battery metals extraction technology with extensive mineral resources in Nevada
  • The Green Platform creates a circular battery metal economy that champions essential materials’ ethical and environmentally friendly procurement.

Recent developments:

Stock’s Potential:

Although the stock has lost over the past week but is still up 38.40% over the past month benefitting the clean energy policies announced by the current U.S. administration. Also, the stock has gained more than 230% since the start of the year raising its price from $0.96 to the current levels.

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