|Bid||26.01 x 1100|
|Ask||26.30 x 800|
|Day's Range||25.45 - 28.88|
|52 Week Range||4.00 - 54.50|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.67|
Piedmont Lithium Limited ("Piedmont" or "Company") is pleased to announce it has expanded the current drilling campaign by an additional 25,000 meters, with three additional rigs arriving in the field over the coming weeks. The expanded drill program is designed to complete infill drilling on the Core Property with the objective of upgrading the Mineral Resource classification category for select areas from the Inferred category to the Measured and Indicated categories.
In 11:30 a.m. EST trading, shares of Chinese lithium battery manufacturer CBAK Energy Technology (NASDAQ: CBAT) are up 55.7%, with those of Canadian three-wheeled electric-car maker Electrameccanica Vehicles (NASDAQ: SOLO) gaining about half that (25.4%). Piedmont Lithium (NASDAQ: PLL) -- an Australian miner of the metal that goes into making electric-car batteries -- is holding on to a 6.1% increase after topping out at 12% in trading earlier this morning. While the gains these stocks are making today certainly astound, CBAK stock, for example, has grown in price ninefold in under three months, and Piedmont has quintupled in a similar time frame.
Shares of start-up Piedmont Lithium (NASDAQ: PLL) popped more than 17% in early trading Thursday before giving much of that back and retracing to a much more modest 7.5% gain as of 12:55 p.m. EST. On the one hand, Piedmont announced yesterday that it has begun "test work" on a spodumene concentrator pilot project. Piedmont will be aiming to transform 50 tons of mineralized pegmatite into spodumene concentrate containing at least 6% lithium oxide useful for the production of rechargeable batteries.