American Battery Technology Sees Unusually Large Options Volume (NASDAQ:ABAT)

American Battery Technology (NASDAQ:ABAT) saw some unusual options trading on Tuesday. Investors purchased 4,707 call options on the company. This represents an increase of approximately 1,760% compared to the average volume of 253 call options.

Institutional Investors Weigh In On American Battery Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dopkins Wealth Management LLC lifted its position in shares of American Battery Technology by 76.5% during the 3rd quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company’s stock valued at $54,000 after buying an additional 21,664 shares in the last quarter. State Street Corp lifted its holdings in American Battery Technology by 26.9% during the third quarter. State Street Corp now owns 204,200 shares of the company’s stock valued at $218,000 after purchasing an additional 43,300 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of American Battery Technology by 6.6% in the third quarter. Geode Capital Management LLC now owns 645,063 shares of the company’s stock worth $690,000 after purchasing an additional 40,169 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

American Battery Technology Trading Up 46.1 %

NASDAQ:ABAT opened at $2.60 on Thursday. The company has a 50-day moving average price of $1.03 and a 200-day moving average price of $1.04. The stock has a market cap of $198.88 million, a price-to-earnings ratio of -2.65 and a beta of 2.17. American Battery Technology has a 12 month low of $0.73 and a 12 month high of $5.55.

American Battery Technology (NASDAQ:ABAT) last announced its earnings results on Monday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.11). The business had revenue of $0.34 million for the quarter, compared to analyst estimates of $5.00 million.

American Battery Technology Company Profile

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.