Dragonfly Energy Stock Rises 38% After Patent Allowance For Battery Communication Technology

(RTTNews) - Dragonfly Energy Holdings Corp. (DFLI) shares climbed 38.23 percent to $2.11, gaining $0.58 on Wednesday after announcing that the U.S. Patent and Trademark Office issued a Notice of Allowance for its latest patent application related to Dragonfly IntelLigence, the company's proprietary battery communication technology.

The stock opened at $2.18 and moved between $1.91 and $2.61 during the session, compared to a previous close of $1.53 on the Nasdaq. Trading volume reached 131.66 million shares, well above the average of 46.38 million.

Over the past 52 weeks, Dragonfly Energy shares have traded between $0.15 and $5.78.