Atlis Motor Vehicles Running on 2 Gigawatt-Hours Milestone News

(24/7 MARKET NEWS) – Despite Atlis Motor Vehicles (Nasdaq: AMV) announcing, this morning, that it has reached a milestone of two gigawatt-hours’ worth of battery capacity demand in the form of non-binding Letters of Intent, Memoranda of Understanding, and Purchase Orders from multiple customers in the automotive, heavy equipment, and solar industries, it opened at $2.67 and traded as low as $2.26.

Atlas has since hit a high of $5.20 and is now at $5.065, up $2.385 (+88.99%), on over 3 million shares traded.

In its nearly four months of trading, its trading price range is $2.26 to $243.99. It has an interesting chart and, if can break through the $6.00 resistance level, on strong volume, it could try to challenge the $9 trading level.

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