Stock Alert: Piedmont Lithium Advances 35%

Shares of Lithium company Piedmont Lithium Limited (PLL) are climbing more than 35% Tuesday morning at $47.19.

There are no company-specific news to move the stock up.

The stock has been on a uptrend after the company said it signed a sales agreement with lectric vehicles maker Tesla on September 28.

The five-year fixed-price agreement is to supply spodumene concentrate to Tesla by Piedmont.

The stock has gained more than 30% from the closing price as on September 28. It has been trading in the range of $4- $54.5 in the last one year.

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