Sentiment in battery metals (see lithium stocks as of late) is really starting to pick up now as EV/battery demand previously hyped back in 2017/2018 is actually coming to fruition. See below EV sales statistics from JP Morgan yesterday. Global EV penetration last month was almost 12% with 1 out of 5 new car sales in Germany, France, Spain, Italy and the UK being EVs. Only a matter of time until the market turns it attention to cobalt once its done its thing with lithium.
COB at these levels is crazy cheap given they are cashed up ($8m) and well placed to take advantage of the upturn in sentiment with a tiny market cap of $23m or $15m EV.
Chart is also primed as it has been coiling like a spring for the past 18 months so would not be surprised to see a sustained breakout soon.
