RecycLiCo Battery Materials (CVE:AMY) Stock Price Up 34.5% - What's Next?

Key Points

• RecycLiCo Battery Materials Inc. shares surged by 34.5% on Tuesday, closing at C$0.20 after trading as high as C$0.20.
• The company experienced a significant increase in trading volume, with 993,682 shares changing hands, a rise of 261% from the average session volume.
• RecycLiCo specializes in the recycling of battery cathode waste from lithium-ion batteries, focusing on producing materials from various modern cathode chemistries.

Shares of RecycLiCo Battery Materials Inc. (CVE:AMY - ) traded up 34.5% on Tuesday . The company traded as high as C$0.20 and last traded at C$0.20. 993,682 shares traded hands during trading, an increase of 261% from the average session volume of 275,427 shares. The stock had previously closed at C$0.15.

RecycLiCo Battery Materials Stock Performance

The firm has a market cap of C$52.60 million, a price-to-earnings ratio of -11.11 and a beta of 5.04. The business's 50 day moving average price is C$0.12 and its 200-day moving average price 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.

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