Chico Wealth RIA Invests $206,000 in American Battery Technology Company (NASDAQ:ABAT)

Chico Wealth RIA bought a new stake in shares of American Battery Technology Company (NASDAQ:ABAT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the company's stock, valued at approximately $206,000. American Battery Technology accounts for approximately 0.2% of Chico Wealth RIA's investment portfolio, making the stock its 27th biggest position. Chico Wealth RIA owned about 0.24% of American Battery Technology at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Soviero Asset Management LP bought a new stake in American Battery Technology in the 4th quarter valued at $1,673,000. Geode Capital Management LLC grew its position in shares of American Battery Technology by 25.0% during the fourth quarter. Geode Capital Management LLC now owns 806,152 shares of the company's stock valued at $1,984,000 after purchasing an additional 161,089 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in shares of American Battery Technology in the first quarter worth about $96,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of American Battery Technology in the fourth quarter worth about $123,000. Finally, Northern Trust Corp lifted its position in shares of American Battery Technology by 49.3% in the fourth quarter. Northern Trust Corp now owns 131,742 shares of the company's stock worth $324,000 after buying an additional 43,478 shares in the last quarter. Institutional investors own 9.88% of the company's stock.

American Battery Technology Stock Up 2.4%

American Battery Technology stock traded up $0.03 during midday trading on Wednesday, reaching $1.28. 885,420 shares of the stock traded hands, compared to its average volume of 2,027,601. The stock has a market cap of $117.62 million, a P/E ratio of -1.39 and a beta of -2.61. The stock's fifty day moving average is $1.36 and its 200-day moving average is $1.37. American Battery Technology Company has a 12 month low of $0.73 and a 12 month high of $4.11.

American Battery Technology (NASDAQ:ABAT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.18). American Battery Technology had a negative return on equity of 74.43% and a negative net margin of 3,230.84%.

American Battery Technology Company Profile

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.