Li-Cycle Holdings Corp. (NYSE:LICY - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors purchased 4,539 call options on the company. This is an increase of 572% compared to the average volume of 675 call options.
Insider Buying and Selling at Li-Cycle
In other Li-Cycle news, CFO Debbie Simpson sold 81,845 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $0.41, for a total transaction of $33,556.45. Following the transaction, the chief financial officer now directly owns 357,447 shares of the company's stock, valued at approximately $146,553.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 148,359 shares of company stock valued at $63,438. 23.90% of the stock is currently owned by company insiders.
Institutional Trading of Li-Cycle
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Li-Cycle by 15.0% during the 2nd quarter. BlackRock Inc. now owns 7,631,507 shares of the company's stock valued at $42,355,000 after acquiring an additional 995,021 shares during the period. Primecap Management Co. CA lifted its stake in Li-Cycle by 2.8% during the 4th quarter. Primecap Management Co. CA now owns 3,280,200 shares of the company's stock valued at $1,918,000 after acquiring an additional 90,800 shares during the period. Invesco Ltd. lifted its stake in Li-Cycle by 7.8% during the 1st quarter. Invesco Ltd. now owns 2,989,030 shares of the company's stock valued at $25,258,000 after acquiring an additional 217,362 shares during the period. SIR Capital Management L.P. increased its position in shares of Li-Cycle by 8.1% during the 1st quarter. SIR Capital Management L.P. now owns 2,720,685 shares of the company's stock valued at $15,317,000 after purchasing an additional 203,200 shares during the last quarter. Finally, State Street Corp increased its position in shares of Li-Cycle by 4.9% during the 2nd quarter. State Street Corp now owns 2,141,764 shares of the company's stock valued at $11,887,000 after purchasing an additional 100,830 shares during the last quarter. 54.12% of the stock is owned by hedge funds and other institutional investors.
Li-Cycle Trading Up 5.9 %
Li-Cycle stock traded up $0.06 during mid-day trading on Friday, reaching $1.07. 4,593,231 shares of the company traded hands, compared to its average volume of 8,221,539. The firm's 50 day moving average price is $0.63 and its 200 day moving average price is $1.15. The firm has a market capitalization of $191.58 million, a price-to-earnings ratio of -1.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.89. Li-Cycle has a 52-week low of $0.35 and a 52-week high of $6.16.
Li-Cycle Company Profile
(
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Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.
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