Shares of RecycLiCo Battery Materials Inc. (CVE:AMY – Get Free Report) dropped 14.3% during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 144,909 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 92,604 shares. The stock had previously closed at C$0.07.
RecycLiCo Battery Materials Stock Performance
The firm’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.11. The company has a market capitalization of C$18.41 million, a price-to-earnings ratio of -2.33 and a beta of 2.57.
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.
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