RecycLiCo Battery Materials (CVE:AMY) Trading 37.9% Higher - Still a Buy?

Key Points

• RecycLiCo Battery Materials shares surged 37.9% on Tuesday, reaching a high of C$0.21, significantly increasing trading volume to 1,263,652 shares—up 355% from the average.
• The company has a market capitalization of C$52.60 million and a negative PE ratio of -11.11.
• RecycLiCo focuses on recycling battery cathode waste for lithium-ion batteries, producing materials from various modern chemistries used in battery production.

Shares of RecycLiCo Battery Materials Inc. (CVE:AMY - ) traded up 37.9% on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.20. 1,263,652 shares changed hands during trading, an increase of 355% from the average session volume of 277,895 shares. The stock had previously closed at C$0.15.

RecycLiCo Battery Materials Trading Up 37.9%

The company has a market capitalization of C$52.60 million, a PE ratio of -11.11 and a beta of 5.04. The firm has a fifty day moving average of C$0.12 and a two-hundred day moving average of C$0.08.

RecycLiCo Battery Materials Company Profile

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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