Aqua Metals (AQMS)

• Market cap: $6.93M
• 1 day: -2.39%
• 5 days: 1.17%
• 1 month: -25.10%
• 3 months: -56.24%
• 6 months: -60.66%
• Year to date: -69.21%
• 1 year: -90.03%
• 5 years: -95.91%
• 10 years: -99.27%
• Sector: Industrials
• Industry: Waste Management

About: Aqua Metals Inc is engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting, and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.

Employees: 11

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

3.64% more ownership

Funds ownership: 13.64% [Q4 2024] → 17.28% (+3.64%) [Q1 2025]

5% less capital invested

Capital invested by funds: $2.41M [Q4 2024] → $2.3M (-$110K) [Q1 2025]

10% less funds holding

Funds holding: 31 [Q4 2024] → 28 (-3) [Q1 2025]

63% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 8

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

84% less call options, than puts

Call options by funds: $5K | Put options by funds: $31K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3 285% upside
• Avg. target: $3 285% upside
• High target: $3 285% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Mickey Legg

285% upside $3

Speculative Buy Reiterated

2 Apr 2025