Fool has no idea either. Nice rise on low volume, just maybe something is brewing.
Next up, we have All Ordinaries battery technology company Magnis. Its shares are also defying the selloff today, with the Magnis share price up a pleasing 6.94% at present to 38 cents per share.
With Magnis shares, it’s unclear what’s going on today. There has been no fresh news or announcements from the company since 2 December.Earlier this month, Magnis did announce that it is seeking funding to expand its iM3NY lithium-ion battery facility in New York, with a confirmation that it has commissioned bank HSBC to assist in this regard. Perhaps excitement from this development is helping to boost investor sentiment today.
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Fool has no idea either. Nice rise on low volume, just maybe...
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