Neometals (OTCMKTS:RDRUY) Shares Up 61.5% – Still a Buy?

Neometals Ltd (OTCMKTS:RDRUY)’s share price shot up 61.5% on Tuesday . The company traded as high as C$0.46 and last traded at C$0.46. 440 shares were traded during mid-day trading, a decline of 28% from the average session volume of 611 shares. The stock had previously closed at C$0.29.

Neometals Price Performance

The business’s 50-day simple moving average is C$0.38 and its two-hundred day simple moving average is C$0.40.

Neometals Company Profile

Neometals Ltd (OTCMKTS: RDRUY) is a Australia-based company specializing in sustainable battery materials and resource recovery. The company’s core activities span lithium refining and vanadium extraction from mineral sands, as well as commercial‐scale lithium‐ion battery recycling. Neometals leverages proprietary technologies to recover critical metals from both ore deposits and end‐of‐life batteries, aiming to support cleaner energy markets and reduce reliance on traditional mining practices.

One of Neometals’ flagship initiatives is its partnership with SMS group GmbH through the Primobius joint venture, which operates a demonstration lithium‐ion battery recycling plant in Germany.