American Battery Technology (NASDAQ:ABAT - Get Free Report) saw some unusual options trading activity on Tuesday. Investors bought 4,707 call options on the stock. This represents an increase of approximately 1,760% compared to the typical volume of 253 call options.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of American Battery Technology by 26.9% during the 3rd quarter. State Street Corp now owns 204,200 shares of the company's stock valued at $218,000 after acquiring an additional 43,300 shares during the period. Geode Capital Management LLC lifted its stake in American Battery Technology by 6.6% in the third quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after purchasing an additional 40,169 shares during the last quarter. Finally, Dopkins Wealth Management LLC lifted its stake in American Battery Technology by 76.5% in the third quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company's stock valued at $54,000 after purchasing an additional 21,664 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.
American Battery Technology Trading Up 46.1 %
Shares of ABAT traded up $0.82 during trading hours on Tuesday, reaching $2.60. 40,169,867 shares of the stock traded hands, compared to its average volume of 1,097,822. American Battery Technology has a 52 week low of $0.73 and a 52 week high of $5.55. The company has a market cap of $198.88 million, a price-to-earnings ratio of -2.65 and a beta of 2.16. The stock has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $1.03.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last posted its earnings results on Monday, September 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.34 million for the quarter, compared to analysts' expectations of $5.00 million.
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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