Lithium ion battery recycling technology and advanced battery metal extraction firm American Battery Metals Corporation (OTCMKTS:ABML) has seen its stock entering a period of struggle over the course of the past month. Over the course of the past month, the stock has suffered from a strong selloff and tanked by as much as 23%.
The company has come into focus again this week after American Battery Metals Corporation announced yesterday that it appointed Andres Meza, an operation leader, as its new Chief Operating Officer. It is a key post and the credentials of Meza are likely going to be analysed quite deeply by many investors.
More importantly, it is a crucial time for American Battery Metals Corporation as well since the company is currently working through the construction and operations of its pilot lithium ion battery recycling plant. It is the most important project for American Battery Metals Corporation at this point of time and it is going to need all the expertise that is possessed by the company’s Chief Operating Officer.
Hence, this appointment is a crucial one for American Battery Metals Corporation and could have a long term effect on the company’s fortunes for many years to come.
On Wednesday, ABML stock ended flat at $1.60 with more than 2.01 million shares, compared to its average volume of 3.16 million shares. The stock has moved within a range of $1.5700 – 1.6500 after opening the trade at $1.61. Over the past 52-week, the stock has been trading within a range of $0.0800 – 4.9000.