“Tesla Deal Sends Lithium Stock Soaring 236%” [9/28/20]
November 9, 2020
“Shares of aspiring lithium minerPiedmont Lithium soared Monday after the company signed a deal with Tesla. The deal is a sign that Tesla is focused on the supply chain for electric-vehicle batteries. The move also shows what can happen when an EV behemoth decides to make a move.
Piedmont (ticker: PLL) is a tiny company with no sales and a market capitalization of about $130 million before the deal was announced. Piedmont’s U.S.-listed American depositary receipts closed at $37, up 236%. More than 48 million shares changed…”