Shares of Aqua Metals Inc. (NASDAQ:AQMS) fell 2.4% during mid-day trading on Wednesday . The stock traded as low as $11.63 and last traded at $11.76, with a volume of 66,535 shares changing hands. The stock had previously closed at $12.05.

Separately, Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th.

The company’s market cap is $167.38 million. The firm has a 50-day moving average price of $11.19 and a 200 day moving average price of $7.49.

An institutional investor recently raised its position in Aqua Metals stock. Connective Capital Management LLC boosted its stake in shares of Aqua Metals Inc. (NASDAQ:AQMS) by 3.1% during the fourth quarter, Holdings Channel reports. The firm owned 425,937 shares of the company’s stock after buying an additional 12,944 shares during the period. Aqua Metals comprises approximately 4.8% of Connective Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Connective Capital Management LLC owned 3.02% of Aqua Metals worth $2,270,000 as of its most recent SEC filing.

Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.

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