Aqua Metals Inc. (AQMS) Trading Up 2.8%
Aqua Metals Inc. (NASDAQ:AQMS) was up 2.8% during mid-day trading on Monday . The company traded as high as $10.11 and last traded at $10.02, with a volume of 94,120 shares changing hands. The stock had previously closed at $9.75.
Separately, Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th.
The company’s 50-day moving average price is $11.36 and its 200-day moving average price is $7.78. The firm’s market cap is $141.23 million.
A hedge fund recently raised its stake in Aqua Metals stock. Connective Capital Management LLC boosted its position 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 Securities and Exchange Commission. The institutional investor owned 425,937 shares of the company’s stock after buying an additional 12,944 shares during the period. Aqua Metals accounts for about 4.8% of Connective Capital Management LLC’s portfolio, making the stock its 5th largest position. Connective Capital Management LLC owned 3.02% of Aqua Metals worth $2,270,000 at the end of the most recent reporting period.
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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