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David Graber, the Chief Executive Officer of American Battery Materials, Inc. (NASDAQ:BLTH), has made several purchases of the company’s common stock, according to a recent SEC filing. The transactions, which took place over several dates, amounted to a total value of $32,493. The purchase prices ranged from $0.30 to $2.34 per share. The stock, currently trading at $5.75, has shown remarkable strength with a 200% return over the past six months, according to InvestingPro data.
The filings detail multiple transactions, with a significant acquisition occurring on October 23, 2024, where Graber acquired a total of 65,683 shares at a price of $0.45 each. Earlier, on May 22, 2023, Graber purchased 1,112 shares at $2.34 per share, and on May 22, 2024, he acquired another 1,112 shares at $0.30 per share. The company, with a market capitalization of $13.7 million, maintains a "Fair" financial health score according to InvestingPro’s comprehensive analysis.
These transactions reflect Graber’s continued investment in American Battery Materials, a company involved in the mining and quarrying of nonmetallic minerals. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with additional insights available through their detailed valuation models.
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