Aqua Metals Inc. (AQMS) Stock Price Down 11.9%
Aqua Metals Inc. (NASDAQ:AQMS)’s share price dropped 11.9% on Wednesday . The company traded as low as $11.22 and last traded at $11.22, with a volume of 418,134 shares. The stock had previously closed at $12.73.
Separately, Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th.
The company’s 50-day moving average is $11.44 and its 200 day moving average is $7.72. The stock’s market cap is $159.32 million.
A hedge fund recently raised its stake 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 Securities and Exchange Commission. The fund owned 425,937 shares of the company’s stock after buying an additional 12,944 shares during the period. Aqua Metals accounts for 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 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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