Surge Battery Metals Inc (OTCMKTS:NILIF) Stock Soars 45% In a Week: But Why?

The appointment of a new chairman is almost always seen as a major new development for any company and hence, it may bring the Surge Battery Metals Inc (OTCMKTS:NILIF) stock into the news cycle today. The company announced yesterday that it appointed its board member Graham Harris as its new chairman of the board of director.

Trading Data

On Tuesday, NILIF stock jumped 2.53% to $0.4507 with more than 14.63K shares, compared to its average volume of 141.84K shares. The stock moved within a range of $0.4300 – 0.4600 after opening trading at $0.4354.

Surge Battery Metals Appoints Board Member Graham Harris as Chairman

In this situation, it could be a good idea for investors to consider taking a closer look at Harris’ credentials as an executive. Harris was the founder, director and chairman of Millennial Lithium Corp, which had later been acquired by Lithium Americas for $490 million. Additionally, Harris also holds considerable experience in the finance industry and at this point, he is the Senior Vice President of Capital Markets and also director at Millennial Potash Corp.

The Chief Executive Officer and Director of Surge Battery Metals, Greg Reimer, spoke about the appointment as well. He noted that Harris held considerable experience across corporate finance as well as lithium exploration and development. He went on to add that in the short period during which he had been a director at the company, there had been a notable transformation at Surge metals that had been brought by Harris and his team.