American Battery Metals (ABML) Soars 30% Quickly: But Why?

American Battery Metals Corp (OTC: ABML) is witnessing a strong comeback in early hours on Wednesday as the stock soared 30% to $1.35 with more than 3.50 million shares exchanges hands.

The company is all set to participate at the Benzinga Cleantech Small Cap Virtual Conference on Earth Day, April 22, 2021, at 9:50 am EST. Despite today’s big jump, ABML stock is still down over 70% from its 52-week high of $4.90 on January 25, 2021.

Last week, The company reached a common stock purchase agreement to raise up to $75 million from stock sales to the institutional investor over the course of the next 24 months. In this regard, it is also important to point out that the institutional investor is an existing shareholder in American Battery Metals and has invested through fixed priced equity over the course of the past year. Keep an eye on AMBL stock in coming sessions.

Uson Abdilazhanov

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.

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