RecycLiCo Battery Materials (CVE:AMY) Shares Up 47.1% – Here’s Why

RecycLiCo Battery Materials Inc. (CVE:AMYGet Free Report) shares shot up 47.1% on Saturday . The stock traded as high as C$0.13 and last traded at C$0.13. 1,787,590 shares traded hands during trading, an increase of 685% from the average session volume of 227,673 shares. The stock had previously closed at C$0.09.

RecycLiCo Battery Materials Trading Up 47.1%

The firm’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The stock has a market cap of C$32.87 million, a price-to-earnings ratio of -6.19 and a beta of 2.57.

RecycLiCo Battery Materials Company Profile

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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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