The stock of Aqua Metals Inc (NASDAQ:AQMS) hit a new 52-week high and has $21.64 target or 61.00% above today’s $13.44 share price. The 9 months bullish chart indicates low risk for the $234.88 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $21.64 price target is reached, the company will be worth $143.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 69,894 shares traded hands. Aqua Metals Inc (NASDAQ:AQMS) has risen 57.30% since April 19, 2016 and is uptrending. It has outperformed by 53.44% the S&P500.
According to Zacks Investment Research, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California.”
More important recent Aqua Metals Inc (NASDAQ:AQMS) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on June 17, 2015, also Quotes.Wsj.com published article titled: “News Aqua Metals Inc.AQMS”, Globenewswire.com published: “Aqua Metals Breaks Ground for New AquaRefinery Facility in Nevada” on August 24, 2015. More interesting news about Aqua Metals Inc (NASDAQ:AQMS) was released by: Globenewswire.com and their article: “Interstate Batteries and Aqua Metals Form Strategic Partnership” with publication date: May 19, 2016.
AQMS Company Profile
Aqua Metals, Inc., incorporated on June 20, 2014, is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process intends to provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a much smaller scale than is possible with smelters. The Company’s AquaRefining process begins with the crushing of used LABs and the separation of the metallic lead, active material (lead compounds), sulfuric acid and plastic for recycling. The active material is dissolved in its solvent. The primary lead is then stripped from the solvent using its automated process allowing the solvent to be reused continuously and indefinitely. The Company’s AquaRefining process generates over three outputs, such as lead; cleaned plastic chips, recovered from battery casings, and sulfuric acid, which is recovered as part of its AquaRefining process.
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