Promising Battery Technology Stocks To Follow Now – May 8th

Mullen Automotive, TETRA Technologies, American Battery Technology, Platinum Group Metals, and NOVONIX are the five Battery Technology stocks to watch today, according to MarketBeat’s stock screener tool. Battery technology stocks are shares of publicly traded companies involved in the research, development, manufacturing or supply of energy storage solutions—ranging from lithium-ion cells to emerging solid-state and other next-generation battery chemistries. These firms serve key markets such as electric vehicles, consumer electronics and grid-scale storage. Investors often buy these stocks to gain exposure to the accelerating trends in electrification and renewable energy integration. These companies had the highest dollar trading volume of any Battery Technology stocks within the last several days.

Mullen Automotive (MULN)

Mullen Automotive, Inc., an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.

Shares of NASDAQ:MULN traded down $0.02 during midday trading on Thursday, hitting $0.22. The stock had a trading volume of 17,493,066 shares, compared to its average volume of 656,077. The company’s 50-day moving average price is $36.20 and its 200-day moving average price is $5,215.89. Mullen Automotive has a fifty-two week low of $0.22 and a fifty-two week high of $4,710,000.00.

TETRA Technologies (TTI)

TETRA Technologies, Inc., together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

TETRA Technologies stock traded up $0.12 during mid-day trading on Thursday, hitting $2.94. 650,767 shares of the stock were exchanged, compared to its average volume of 1,313,720. The firm’s fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $3.58. TETRA Technologies has a 12 month low of $2.03 and a 12 month high of $5.12. The stock has a market capitalization of $391.23 million, a price-to-earnings ratio of 147.07 and a beta of 1.31. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

American Battery Technology (ABAT)

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.

NASDAQ:ABAT traded up $0.08 during trading on Thursday, reaching $1.42. The company’s stock had a trading volume of 1,199,344 shares, compared to its average volume of 1,930,077. The firm has a market cap of $119.79 million, a price-to-earnings ratio of -1.46 and a beta of -2.44. The firm has a 50 day moving average of $1.10 and a 200-day moving average of $1.27. American Battery Technology has a 12 month low of $0.73 and a 12 month high of $4.11.

Platinum Group Metals (PLG)

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.

NYSE:PLG traded down $0.02 during midday trading on Thursday, hitting $1.21. The company had a trading volume of 273,175 shares, compared to its average volume of 529,119. Platinum Group Metals has a 52-week low of $0.99 and a 52-week high of $2.27. The stock’s fifty day moving average price is $1.21 and its 200-day moving average price is $1.38. The company has a market capitalization of $127.31 million, a PE ratio of -20.17 and a beta of 1.64.

NOVONIX (NVX)

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.

NVX stock traded up $0.03 on Thursday, reaching $1.18. 41,536 shares of the company traded hands, compared to its average volume of 107,954. The company has a quick ratio of 5.94, a current ratio of 6.15 and a debt-to-equity ratio of 0.44. NOVONIX has a one year low of $0.81 and a one year high of $2.73. The firm has a fifty day simple moving average of $1.11 and a 200-day simple moving average of $1.53.