American Battery Technology (NASDAQ:ABAT) Trading 1% Higher

American Battery Technology (NASDAQ:ABAT) shares were up 1% during mid-day trading on Wednesday . The company traded as high as $1.08 and last traded at $1.05. Approximately 148,338 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 555,421 shares. The stock had previously closed at $1.04.

American Battery Technology Stock Down 1.0 %

The stock has a fifty day moving average price of $1.05 and a 200-day moving average price of $1.37.

Hedge Funds Weigh In On American Battery Technology

An institutional investor recently bought a new position in American Battery Technology stock. Scarborough Advisors LLC purchased a new position in shares of American Battery Technology (NASDAQ:ABAT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,753 shares of the company’s stock, valued at approximately $46,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

About American Battery Technology

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.