Dragonfly Energy shares are trading higher on new US patent covering continued momentum toward domestic non-flammable lithium battery production
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy's shares are trading higher following the announcement of a new US patent, which supports the company's continued momentum towards domestic non-flammable lithium battery production.
June 15, 2023 | 12:29 pm
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Dragonfly Energy's new US patent for non-flammable lithium battery production is expected to boost the company's stock price in the short term.
The new US patent announcement indicates Dragonfly Energy's continued progress in lithium battery production, which is a key factor for the company's growth. This positive news is likely to increase investor confidence and drive the stock price higher in the short term.
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