Why Piedmont Lithium's Stock Is Trading Higher Today

Piedmont Lithium PLL shares are trading higher on Monday after the company announced it signed a sales agreement with Tesla Inc TSLA.

Piedmont Lithium is a lithium-based company focused on the development of its Piedmont Lithium Project in North Carolina.

Piedmont Lithium shares are trading up 170% at $29.64 at the time of publication on Monday. The stock has a 52-week high of $43.99 and a 52-week low of $4.