Thai Airways (TAWNF) Stock Moves Back to 25 Cents: Now What?
The coronavirus pandemic had come as a wrecking ball for many businesses across the world and one of those was the airline industry. However, with rising vaccination numbers, the dangers are easing and COVID 19 restrictions are being eased.
In this situation, many airlines might see their stocks performing better and one airline stock that could be watched at this point is that of Thai Airways. Due to the pandemic, the stock had suffered from massive loss in business and eventually, it had to get financing from the Thai Government in order to remain afloat.
The Thai Government is now looking to loosen restrictions as vaccination figures rise. Experts believe that as and when restrictions are completely out of the way, Thai Airways (OTCMKTS:TAWNF) might see a considerable improvement in its financial performance.
At this point, the stock is quite popular among investors, if Google Trends data is anything to go by. In 2021, the Thai Airways stock has been searched more times than some of the leading investment related websites. At the end of 2021, Thai Airways operated a large number of routes to as many as 58 destinations spread over 30 nations.
On the other hand, it is also necessary to note that at this point the Thai Government has a 50% stake in Thai Airways. This is an indication that the company is not going to go out of business despite the difficulties that it has suffered from the COVID 19 restrictions.
Moreover, it might also be argued that the government might also have a strategic interest in the airline. In other words, the government would want the company to do well. It is expected that the number of flights being operated by Thai Airways is going to rise steadily through the course of the year. In that sort of a situation, it is perhaps understandable why there is rising interest in Thai Airways stock.
American Battery Metals (ABML) Stock Resumes The Uptrend: Will it Continue?
If you are currently looking into the possibility of investing in stocks that might have performed strongly over the course of the past week then you could consider the American Battery Metals Corporation (OTCMKTS:ABML) stock.
The stock was in focus yesterday as it jumped by 5% and took its gains for the month to as much as 40%. There was no fresh development with regards to American Battery Metals yesterday but it might be worthwhile to take a look at development from last week. The lithium-ion battery recycling technology company signed an escrow for a property situated at 695 E Sydney Drive in Storey County, Nevada.
The property spans across an area of 13.8 acres and is a part of the famed Tahoe Reno Industrial Park, which is widely known as the biggest industrial park in the planet. The acquisition of this parcel of land could prove to be a significant boost to the company’s business as well.
American Battery Metals is currently involved in supplying batter metals through its three separate business divisions. One of those is primary resources and the other two are from extraction technology and lithium ion battery recycling. Not too long ago, American Battery Metals had announced that the groundbreaking of its lithium ion battery recycling plant at Fernley in Nevada had also been done.
On the other hand, back in May, the company had made another announcement that could have resulted in considerable optimism among investors.
American Battery Metals announced that is submitted an application for the uplisting of its shares to the NASDAQ Stock Market. Considering the fact that Nasdaq is one of the biggest stock exchanges in the world, a possible listing could open up a world of new opportunities for the company. However, it should be noted that acceptance is not guaranteed and the company will need to meet a range of requirements before the stock can be listed.