RecycLiCo Battery Materials (CVE:AMY) Shares Up 18.2% - Time to Buy?

Key Points

• RecycLiCo Battery Materials Inc.'s stock surged by 18.2%, closing at C$0.26 after reaching a high of C$0.28 during trading.
• The company specializes in recycling battery cathode waste from lithium-ion batteries, producing materials for modern cathode chemistries.
• With a market capitalization of C$63.12 million, RecycLiCo's stock has exhibited a significant increase in trading volume, rising 49% from its average session volume.

RecycLiCo Battery Materials Inc. (CVE:AMY - )'s stock price shot up 18.2% during trading on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.26. 421,835 shares were traded during mid-day trading, an increase of 49% from the average session volume of 282,566 shares. The stock had previously closed at C$0.22.

RecycLiCo Battery Materials Stock Up 9.1%

The stock has a market capitalization of C$63.12 million, a price-to-earnings ratio of -13.33 and a beta of 5.04. The company's fifty day simple moving average is C$0.13 and its 200 day simple moving average is C$0.08.

About RecycLiCo Battery Materials

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.