Electra Battery Materials (NASDAQ:ELBM) Announces Quarterly Earnings Results

Electra Battery Materials (NASDAQ:ELBM) issued its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, Zacks reports.

Electra Battery Materials Trading Up 0.4%

ELBM stock traded up $0.00 on Thursday, hitting $0.62. 605,864 shares of the company were exchanged, compared to its average volume of 1,316,435. Electra Battery Materials has a twelve month low of $0.50 and a twelve month high of $8.70. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.46 and a quick ratio of 0.46. The business’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.83. The stock has a market capitalization of $64.32 million, a price-to-earnings ratio of -0.33 and a beta of 2.51.

Institutional Investors Weigh In On Electra Battery Materials

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Electra Battery Materials during the fourth quarter worth approximately $160,000. PEAK6 LLC purchased a new stake in Electra Battery Materials during the fourth quarter worth approximately $840,000. Cable Car Capital LP purchased a new stake in Electra Battery Materials during the second quarter worth approximately $223,000. Aristides Capital LLC purchased a new stake in Electra Battery Materials during the fourth quarter worth approximately $116,000. Finally, Jane Street Group LLC purchased a new stake in Electra Battery Materials during the fourth quarter worth approximately $82,000. 32.90% of the stock is currently owned by hedge funds and other institutional investors.

About Electra Battery Materials

Electra Battery Materials Inc is a Canada-based battery materials company focused on the sourcing, refining and recycling of critical minerals used in lithium-ion batteries. The company’s core business activities include the development of hydrometallurgical processing facilities to convert raw feedstocks—such as mined ores, recycled battery black mass and industrial by-products—into battery-grade nickel, cobalt, lithium and other specialty materials. Electra’s business model centers on vertically integrated operations designed to secure supply chain resilience for North American and global electric vehicle (EV) and energy storage markets.

In 2022, Electra Battery Materials completed a business combination transaction and commenced trading on the NASDAQ under the ticker ELBM.