American Battery Technology Target of Unusually High Options Trading (NASDAQ:ABAT)

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dopkins Wealth Management LLC increased its stake in shares of American Battery Technology by 76.5% in the third 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 during the period. State Street Corp increased its position in American Battery Technology by 26.9% during the 3rd 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 during the period. Finally, Geode Capital Management LLC raised its holdings in American Battery Technology by 6.6% during the 3rd 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 last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

American Battery Technology Trading Up 46.1 %

American Battery Technology stock opened at $2.60 on Wednesday. The company has a market capitalization of $198.88 million, a PE ratio of -2.65 and a beta of 2.16. The stock has a 50-day moving average price of $1.00 and a two-hundred day moving average price of $1.03. 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 issued its quarterly earnings data on Monday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The company had revenue of $0.34 million for the quarter, compared to the consensus estimate of $5.00 million.

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.