Brighton Jones LLC Buys New Position in American Battery Technology (NASDAQ:ABAT)

Brighton Jones LLC bought a new position in shares of American Battery Technology (NASDAQ:ABAT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABAT. Mirae Asset Global Investments Co. Ltd. acquired a new position in American Battery Technology in the fourth quarter worth approximately $81,000. Grassi Investment Management acquired a new stake in shares of American Battery Technology during the fourth quarter worth $2,224,000. PNC Financial Services Group Inc. purchased a new stake in shares of American Battery Technology during the third quarter valued at $29,000. Fortis Capital Management LLC acquired a new position in shares of American Battery Technology in the 3rd quarter valued at $420,000. Finally, Commonwealth Equity Services LLC purchased a new position in American Battery Technology in the 3rd quarter worth about $140,000. 9.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Northland Securities began coverage on shares of American Battery Technology in a research note on Wednesday, March 27th. They set an “outperform” rating and a $6.00 price objective for the company.

American Battery Technology Trading Up 0.7 %

NASDAQ ABAT opened at $1.37 on Friday. The firm’s 50 day moving average price is $1.78 and its two-hundred day moving average price is $3.18. American Battery Technology has a twelve month low of $1.21 and a twelve month high of $14.10.

American Battery Technology (NASDAQ:ABAT) last issued its earnings results on Wednesday, February 14th. The company reported ($0.19) EPS for the quarter.

American Battery Technology Profile

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.