The stock of Aqua Metals Inc (NASDAQ:AQMS) reached all time high today, Nov, 21 and still has $24.65 target or 95.00% above today’s $12.64 share price. This indicates more upside for the $220.90M company. This technical setup was reported by Barchart.com. If the $24.65 PT is reached, the company will be worth $209.86M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 709,899 shares traded hands or 428.82% up from the average. 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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