9/9/2023 0 Comments Stocks to buy now under $10Global Battery is a Canadian resource company specializing in high-quality battery metals projects. If you’re looking for lithium stocks under $10, then Global Battery Metals (OTCMKTS: REEF) should be at the top of your list. The stock is currently trading at just around $1.15, making it an excellent investment for those who are bullish on space. Net income was negative in 2020 but emerged optimistic with $61.5 million compared to a net loss of $7.8 million.ĭespite being a small-cap company, CBAK Energy Technology is well on its way to becoming a significant player in the lithium market. Revenues increased by a whopping 40% to $52.7 million, and gross profits surged by an even more impressive 88% to $5.1 million. The company’s 2021 full-year results were just as impressive as in 2020. This could make the stock a worthwhile investment for those who are bullish on the lithium market. The Nevada project has the potential to become a significant producer of lithium-ion batteries, and CBAK Energy Technology is currently in the process of bringing it online. Its management is highly experienced and knows how to bring projects like this to fruition. The company has a market cap of just $10 million, and it is highly undervalued given the potential of its lithium business.ĬBAK Energy Technology owns a significant stake in a lithium project in Nevada. So if you are an investor looking for lithium penny stocks, ULBI may be an excellent option to consider.ĬBAK Energy Technology is a lithium stock worth taking a closer look at. The company’s performance last year indicates that ULBI is doing something right and that its growth potential could be even more significant in the coming years.
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