Electra Battery Materials Co. (NASDAQ:ELBM – Get Free Report) was up 3.5% on Wednesday . The company traded as high as $0.44 and last traded at $0.44. Approximately 156,300 shares were traded during trading, an increase of 18% from the average daily volume of 132,469 shares. The stock had previously closed at $0.43.
Analysts Set New Price Targets
Separately, HC Wainwright cut their price target on Electra Battery Materials from $1.60 to $1.40 and set a “buy” rating on the stock in a report on Tuesday, May 28th.
Electra Battery Materials Price Performance
Electra Battery Materials (NASDAQ:ELBM – Get Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($0.16) earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Electra Battery Materials stock. Cable Car Capital LLC bought a new position in shares of Electra Battery Materials Co. (NASDAQ:ELBM – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 122,637 shares of the company’s stock, valued at approximately $45,000. Cable Car Capital LLC owned about 0.35% of Electra Battery Materials at the end of the most recent reporting period. Institutional investors own 32.90% of the company’s stock.
About Electra Battery Materials
Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.
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