Superlattice Power, Inc. (SLAT.OB) Regains Attention of Investors; Up 54.17% This Week on Strong Volume
Last year when oil made its steady climb to nearly $150 a barrel, Supperlattice’s stock went from $0.34 to $2.55 in just two months for 650% gains. When oil prices began to descend, so did SLAT.OB. What makes Supperlattice’s stock price so strongly correlated with oil prices? The company is focused on developing and marketing next-generation lithium-powered batteries to replace gas powered engines. With oil producers postponing and canceling major projects, many fear that oil prices will once again spiral out of control because of lack of supply when the economy turns around. Francisco Blanch, head of global commodities research…