American Battery Technology Company (NASDAQ:ABAT - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders purchased 6,590 call options on the company. This is an increase of 208% compared to the average volume of 2,140 call options.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ABAT. Soviero Asset Management LP acquired a new position in American Battery Technology during the fourth quarter worth about $1,673,000. Chico Wealth RIA purchased a new position in American Battery Technology in the 1st quarter worth about $206,000. Geode Capital Management LLC increased its stake in American Battery Technology by 25.0% in the 4th quarter. Geode Capital Management LLC now owns 806,152 shares of the company's stock worth $1,984,000 after purchasing an additional 161,089 shares in the last quarter. XTX Topco Ltd purchased a new position in American Battery Technology in the 1st quarter worth about $144,000. Finally, Tcfg Wealth Management LLC purchased a new position in American Battery Technology in the 1st quarter worth about $96,000. 9.88% of the stock is owned by institutional investors and hedge funds.
American Battery Technology Trading Down 8.8%
NASDAQ:ABAT traded down $0.30 during mid-day trading on Friday, reaching $3.08. 9,527,140 shares of the stock were exchanged, compared to its average volume of 2,673,707. The business has a fifty day moving average price of $1.65 and a 200 day moving average price of $1.41. The firm has a market capitalization of $282.56 million, a PE ratio of -3.34 and a beta of -2.23. American Battery Technology has a 1-year low of $0.73 and a 1-year high of $4.11.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.18). American Battery Technology had a negative return on equity of 74.43% and a negative net margin of 3,230.84%.
About American Battery Technology
(
Get Free Report)
American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.
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