Q: Hello 5i, Could you comment on ELBM as a company to invest in and what was the reason for the big pop in the share price today Oct 14/25 Thanks
5i Research Answer:
ELBM had no specific news, but the party in the battery sector has heated up with news that China is further restricting batteries and rare earth shipments. ELBM as a small cap stock saw massive buying with promotions on social media investment sites and the stock rose 177%. Market cap is now $117M, still quite small and risky. The company has no sales, negative cash flow and losses. It has never made money and will need more cash, though it did raise $30M in September. While recent events are certainly positive, risks remain VERY high here and we would not want to chase this.