RecycLiCo Battery Materials (CVE:AMY) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of RecycLiCo Battery Materials Inc. (CVE:AMY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.09 and traded as low as C$0.09. RecycLiCo Battery Materials shares last traded at C$0.09, with a volume of 147,985 shares changing hands.

RecycLiCo Battery Materials Stock Down 5.6%

The firm’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.13. The firm has a market capitalization of C$22.01 million, a price-to-earnings ratio of -42.50 and a beta of 3.33. The company has a debt-to-equity ratio of 28.54, a current ratio of 116.66 and a quick ratio of 108.34.

About RecycLiCo Battery Materials

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. The company is also involved in the exploration of interests in mineral resource projects in British Columbia, Canada; and Arizona, the United States.