A small Las Vegas-based company turned heads this afternoon after the stock ripped following a company update stating that they will provide tech space for Lithium battery recycling. The CEO is also assisting a separate corporation, Altair International Corp. to develop prized lithium/rare earth and gold assets in Nevada.
Barrel Energy Inc. (OTCPK:BRLL) stated that it is aware that most analysts see an upcoming bull market for Lithium and other battery raw materials to feed the surging Lithium-ion battery supply chain and has made this is a strategic focus for the company.
Barrel Energy was engaged in the oil and gas sector of the energy industry. It maintains its interest in capped oil and gas properties in Alberta. The company has explored and is actively working on the production of hemp leasing a growing acreage in central California.
The stock absolutely ripped following the news as shares traded up to a session high of $0.0735/share (+390%). This marks a very strong breakout of the trading range the stock has been in for months.
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