Aqua Metals Inc. (AQMS) Stock Price Up 12.2% Following Insider Buying Activity
Shares of Aqua Metals Inc. (NASDAQ:AQMS) rose 12.2% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as $12.76 and last traded at $12.71, with a volume of 550,350 shares changing hands. The stock had previously closed at $11.33.
Specifically, Director Mark Slade purchased 7,500 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $10.00 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the director now owns 27,500 shares of the company’s stock, valued at $275,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen R. Clarke purchased 20,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $200,000.00. Following the purchase, the insider now directly owns 1,028,637 shares of the company’s stock, valued at approximately $10,286,370. The disclosure for this purchase can be found here.
Separately, Zacks Investment Research cut shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
The company’s market capitalization is $198.00 million. The stock’s 50-day moving average is $9.59 and its 200-day moving average is $9.73.
Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.04. On average, equities analysts anticipate that Aqua Metals Inc. will post ($0.80) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of AQMS. AWM Investment Company Inc. boosted its position in shares of Aqua Metals by 13.8% in the third quarter. AWM Investment Company Inc. now owns 1,272,250 shares of the company’s stock worth $11,272,000 after buying an additional 154,600 shares in the last quarter. BlackRock Fund Advisors boosted its position in Aqua Metals by 5,767.1% in the second quarter. BlackRock Fund Advisors now owns 279,276 shares of the company’s stock valued at $3,286,000 after buying an additional 274,516 shares during the period. EAM Investors LLC bought a new position in Aqua Metals during the second quarter valued at $1,647,000. Mangrove Partners bought a new position in Aqua Metals during the third quarter valued at $1,190,000. Finally, State Street Corp bought a new position in Aqua Metals during the second quarter valued at $1,544,000. Hedge funds and other institutional investors own 19.51% of the company’s stock.
Aqua Metals Company Profile
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
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