An Influx of Hope and Hype Boost MULN Stock

Like other small and micro-cap EV stocks, such as $Cenntro Electric (CENN.US)$ and $Electric Last Mile Solutions (ELMS.US)$ , Mullen Automotive took a beating between November and late February as sentiment for speculative growth stocks swung from positive to negative. Rising inflation, fear of higher interest rates and the prospect of an economic slowdown convinced many it was high time to ditch these riskier plays and seek shelter in safe-harbor investments.

Yet, in the case of $Mullen Automotive (MULN.US)$ , this downward trajectory reversed in a big way this month as the relatively obscure EV maker popped up on the radars of Reddit traders. As the number of mentions about the stock spiked on social media , so too did trading volume in shares.