Aqua Metals Inc. (AQMS) Stock Price Up 2.8%
Aqua Metals Inc. (NASDAQ:AQMS) rose 2.8% during trading on Monday . The company traded as high as $10.11 and last traded at $10.02, with a volume of 94,120 shares. The stock had previously closed at $9.75.
Separately, Zacks Investment Research cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, April 5th.
The stock has a 50 day moving average of $11.26 and a 200-day moving average of $7.86. The company’s market cap is $133.45 million.
A hedge fund recently raised its stake in Aqua Metals stock. Connective Capital Management LLC increased 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 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 makes up about 4.8% of Connective Capital Management LLC’s holdings, 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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