RecycLiCo Battery Materials (CVE:AMY) Shares Down 13.8% – Here’s Why

RecycLiCo Battery Materials Inc. (CVE:AMY)’s stock price traded down 13.8% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13. 412,398 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 264,428 shares. The stock had previously closed at C$0.15.

RecycLiCo Battery Materials Stock Up 21.7%

The business’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.12. The firm has a market capitalization of C$36.26 million, a P/E ratio of -70.00 and a beta of 5.06.

RecycLiCo Battery Materials Company Profile

RecycLiCo Battery Materials Inc focuses on the research and development of recycling battery cathode waste in lithium-ion batteries in Canada and the United States. Its RecycLiCo process produces battery ready materials from modern cathode chemistries, such as Lithium Iron Phosphate, Lithium Manganese Oxide, Nickel Manganese Cobalt, Nickel Cobal Aluminum, and Lithium Cobalt Oxide. The company is also involved in the exploration of interests in mineral resource projects in British Columbia, Canada; and Arizona, the United States.