Not necessarily. The market is just showing a bit more love for battery component stocks and E25's appears to be being priced this same way. Its too early to call it as a change in trend, but its a good start.
The graph below takes the 31 December 2021 close and rebases the four stocks of EGR, E25, LTR and INR so that they are all 100 at this point in time. Over the last five months they have typically all moved in sync. Some have what are believed to be great management teams (LTR). Others have questionable abilities within their management team. All are bouncing to the same tune of market sentiment towards Lithium/EV's/Batteries.
I've added in the 24th using prices about half an hour before close. All four of these stocks have seen a decent percentage increase today 9%+. Both INR and E25 are on +18%
E25 Price at posting:
51.0¢ Sentiment: None Disclosure: Held
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