The metal recycling firm Aqua Metals, Inc. (NASDAQ: AQMS) is on an uptick today in premarket session. As of 09:08 a.m. EST, the stock has been buoying at a rise of 12.99% to $4.00. The stock is apparently going through a recovery to the loss of -22% it has faced in yesterday’s trades as there has been no other directly linked news that could drive the surge.
With its patented hydrometallurgical AquaRefining technology, Aqua Metals is revolutionizing metals recycling sector of the industry. Water-based AquaRefining is less polluting than smelting. A modular Aqualyzer produces ultra-pure metals one atom at a time. The rapidly growing energy storage economy could find a sustainable solution in this manner. Among its services, the Company supply equipment, services, and licenses the AquaRefining technology to recyclers worldwide. Aqua Metals is a Nevada company based in McCarran.
Molly P. Zhang, a veteran corporate director with multinational chemical, manufacturing, and cleantech experience, and Edward Smith, CEO, President, and Director of SMTC Corporation (NASDAQ: SMTX), have been appointed to the board of directors of Aqua Metals, effective March 1, 2021, as announced the company this week.
There have been several insiders trading in the stock this week which also put pressure on the stock in couple of sessions. As per SEC filings, on Tuesday three insider transactions took place with all selling the stock. Merrill Judd, Chief Financial Officer sold 446,725 shares for an amount of $240,634 at a price of $5.15 per share.
Other transaction made by Director Yosufzai S. Shariq selling 188,603 shares at a per share price of $4.80 getting an aggregate amount of $905,294. Cotton Stephen, CEO of the company, sold 187,461 shares for an amount of $941,054 in total selling each share at a price of $5.02.