Investors Purchase High Volume of American Battery Technology Call Options (NASDAQ:ABAT)

American Battery Technology (NASDAQ:ABAT) saw unusually large options trading activity on Tuesday. Stock investors bought 4,707 call options on the company. This represents an increase of approximately 1,760% compared to the average volume of 253 call options.

American Battery Technology Trading Up 46.1 %

ABAT opened at $2.60 on Thursday. The company has a fifty day moving average price of $1.03 and a two-hundred day moving average price of $1.04. American Battery Technology has a 1-year low of $0.73 and a 1-year high of $5.55. The company has a market cap of $198.88 million, a P/E ratio of -2.65 and a beta of 2.17.

American Battery Technology (NASDAQ:ABAT) last posted 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 firm had revenue of $0.34 million during the quarter, compared to the consensus estimate of $5.00 million.

Hedge Funds Weigh In On American Battery Technology

Several large investors have recently modified their holdings of ABAT. Dopkins Wealth Management LLC raised its stake in 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 purchasing an additional 21,664 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of American Battery Technology by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 645,063 shares of the company’s stock worth $690,000 after buying an additional 40,169 shares during the last quarter. Finally, State Street Corp raised its position in shares of 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 buying an additional 43,300 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.