Aqua Metals Inc. (AQMS) Sees Large Volume Increase
Aqua Metals Inc. (NASDAQ:AQMS) shares saw unusually-high trading volume on Thursday . Approximately 360,342 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 238,874 shares.The stock last traded at $10.87 and had previously closed at $11.27.
Separately, Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th.
The firm’s market capitalization is $142.93 million. The firm has a 50 day moving average price of $11.40 and a 200 day moving average price of $7.74.
An institutional investor recently raised its position in Aqua Metals stock. Connective Capital Management LLC increased its stake in shares of Aqua Metals Inc. (NASDAQ:AQMS) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 425,937 shares of the company’s stock after buying an additional 12,944 shares during the period. Aqua Metals makes up approximately 4.8% of Connective Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Connective Capital Management LLC owned about 3.02% of Aqua Metals worth $2,270,000 at the end of the most recent quarter.
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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