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AQMS - Aqua Metals Inc News Story

$2.51 -0.2  -8.7%

Last Trade - 9:00pm

Sector
Basic Materials
Size
Small Cap
Market Cap £133.9m
Enterprise Value £125.7m
Revenue £64.4k
Position in Universe 4574th / 6855

BUZZ-Aqua Metals: Jumps after receiving insurance payout of $2.5 million

Fri 27th December, 2019 2:15pm
** Shares of lead acid battery recycler  AQMS.O  rise 25% to
65 cents premarket; one of biggest gainers across U.S. exchanges
    ** Aqua Metal says it has received $2.5 mln as first
installment from its insurance carrier for damages related to a
fire accident on Nov. 29  urn:newsml:reuters.com:*:nGNX17tMxn
    ** Up to last close, shares had fallen 61.5% since Dec. 2,
when AQMS disclosed the fire accident
    ** Co expects additional tranche payments in next few weeks
as it assesses damages for a comprehensive insurance claim
    ** AQMS adds its board decided it will pay annual
compensation to officers and employees in stock rather than cash
to preserve long-term strength of business
    ** Up to Thursday's close, stock had fallen 71.4% YTD

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))
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