Northland Securities initiated coverage on shares of American Battery Technology (NASDAQ:ABAT - Free Report) in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $6.00 price objective on the stock.
American Battery Technology Stock Performance
Shares of American Battery Technology stock traded down $0.10 during trading on Wednesday, hitting $1.60. 1,088,098 shares of the company's stock traded hands, compared to its average volume of 731,492. The business's fifty day simple moving average is $2.28. American Battery Technology has a twelve month low of $1.59 and a twelve month high of $18.00.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.19) EPS for the quarter.
Hedge Funds Weigh In On American Battery Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in shares of American Battery Technology during the third quarter worth approximately $29,000. Scarborough Advisors LLC acquired a new position in shares of American Battery Technology during the fourth quarter worth approximately $46,000. Brighton Jones LLC acquired a new position in shares of American Battery Technology during the fourth quarter worth approximately $47,000. LPL Financial LLC acquired a new position in shares of American Battery Technology during the third quarter worth approximately $95,000. Finally, Townsquare Capital LLC acquired a new position in shares of American Battery Technology during the third quarter worth approximately $135,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.
American Battery Technology Company Profile
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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.
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