Barrel Energy (BRLL) Pops 37% Without News

On September 7 Barrel Energy tweeted it is canceling 3,051,000 shares and promised to do that more. Perhaps this recent activity is pushing OTC: BRLL to surge steeply. Last Friday the company has assured its stakeholders to not worry about a reverse split or diluting the stock plans.

Barrel Energy strongly believes demand for lithium has only begun emerging and they are putting all available efforts to develop Lithium projects and opportunities worldwide. In 2021 the company has cemented a foundation for its current business by partnering with Roshan Technologies in establishing lithium-ion battery manufacturing units in North America.

BRLL is still bearing losses while trying hard to generate revenue from Nevada’s rich deserts that could contain plenty of chemicals including lithium, cobalt, graphene, and many more.