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

American Battery Technology (NASDAQ:ABAT) was the target of some unusual options trading on Tuesday. Stock investors purchased 4,707 call options on the stock. This represents an increase of 1,760% compared to the typical volume of 253 call options.

Institutional Investors Weigh In On American Battery Technology

A number of large investors have recently bought and sold shares of ABAT. Dopkins Wealth Management LLC boosted its holdings in shares of American Battery Technology by 76.5% in the 3rd 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 lifted its holdings 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 acquiring an additional 40,169 shares during the last quarter. Finally, State Street Corp grew its holdings 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 purchasing an additional 43,300 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

American Battery Technology Price Performance

Shares of NASDAQ:ABAT opened at $2.60 on Wednesday. The company has a market capitalization of $198.88 million, a P/E ratio of -2.65 and a beta of 2.16. The business’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $1.03. American Battery Technology has a 1 year low of $0.73 and a 1 year high of $5.55.

American Battery Technology (NASDAQ:ABAT) last issued its quarterly earnings results on Monday, September 23rd. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.11). The company had revenue of $0.34 million during 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.