RecycLiCo Battery Materials (CVE:AMY) Shares Up 47.1% – Time to Buy?

RecycLiCo Battery Materials Inc. (CVE:AMYGet Free Report) shot up 47.1% during mid-day trading on Saturday . The company traded as high as C$0.13 and last traded at C$0.13. 1,787,590 shares changed hands during mid-day 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 Price Performance

The stock has a market capitalization of C$32.87 million, a price-to-earnings ratio of -6.19 and a beta of 2.57. The stock’s 50 day simple moving average is C$0.06 and its 200-day simple moving average is C$0.05.

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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