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RecycLiCo Battery Materials (CVE:AMY) Trading Down 14.9% - Here's Why

RecycLiCo Battery Materials logo with Basic Materials background

Key Points

  • RecycLiCo Battery Materials Inc. experienced a significant stock decline of 14.9%, trading as low as C$0.20 on Thursday.
  • The trading volume increased by 58% compared to its average daily volume, with approximately 458,136 shares changing hands.
  • The company specializes in the recycling of battery cathode waste from lithium-ion batteries, producing materials suitable for modern battery chemistries.
  • Five stocks to consider instead of RecycLiCo Battery Materials.

RecycLiCo Battery Materials Inc. (CVE:AMY - Get Free Report) dropped 14.9% on Thursday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 458,136 shares were traded during trading, an increase of 58% from the average daily volume of 289,940 shares. The stock had previously closed at C$0.24.

RecycLiCo Battery Materials Stock Down 14.9%

The company has a 50 day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.08. The company has a market capitalization of C$52.60 million, a P/E ratio of -11.11 and a beta of 5.04.

About RecycLiCo Battery Materials

(Get Free Report)

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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