Aqua Metals Inc. (AQMS) Shares Up 5.8%
Aqua Metals Inc. (NASDAQ:AQMS) shares shot up 5.8% on Monday . The company traded as high as $9.52 and last traded at $9.48, with a volume of 121,609 shares changing hands. The stock had previously closed at $8.96.
Separately, Zacks Investment Research cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday.
The company’s market capitalization is $150.44 million. The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $8.33.
Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Wednesday, August 10th. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. Equities analysts forecast that Aqua Metals Inc. will post ($0.74) EPS for the current fiscal year.
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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