#4 - American Battery Metals (OTCMKTS:ABML)
Another backdoor way to play the EV sector is with American Battery Metals (OTCMKTS:ABML). ABML stock is already up about 100% for the year and the case for the stock is simple enough. At some point, if we’re all going to be driving around in electric cars, we’re going to need somewhere to dispose of our batteries. Otherwise, the net effect on the environment will be diminished.
That’s where American Battery Metals comes in. They are a company that is part of the battery recycling market. According to the company’s website the company is “engaged in lithium-ion battery recycling, battery metals and material extraction, and resource production. We are a leading US-based battery metals company producing low-cost battery metals with a sustainable commitment to closed-loop, clean energy technologies.”
The last part of that sentence, about closed-loop, clean energy technologies represents both the risk and the reward. If the company can develop such a process, the stock may rocket higher. All penny stocks contain risk, but you have to be particularly careful with ABML stock because the rise in stock price has come exclusively since the end of the year. Momentum plays in penny stocks carry significant risk.
About American Battery Technology
American Battery Technology Company, a battery materials company, engages in supplying battery metals. The company explores for resources of battery metals; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.
Read More - Current Price
- $9.83
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
