Aqua Metals Inc. (AQMS) Shares Up 5.9%
Aqua Metals Inc. (NASDAQ:AQMS) shares shot up 5.9% during trading on Tuesday . The company traded as high as $12.95 and last traded at $12.63, with a volume of 327,564 shares trading hands. The stock had previously closed at $11.93.
Separately, Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th.
The firm’s market cap is $179.96 million. The stock has a 50-day moving average price of $11.44 and a 200-day moving average price of $7.70.
A hedge fund recently raised its stake in Aqua Metals stock. Connective Capital Management LLC boosted its stake in Aqua Metals Inc. (NASDAQ:AQMS) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.
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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