AlphaTON stock soars 200% after pioneering digital asset oncology initiative
Adam Lipson, a director at American Battery Materials, Inc. (NASDAQ:BLTH), a micro-cap company valued at approximately $3 million, recently reported a series of stock acquisitions totaling $3,002, according to a recent SEC filing. The transactions, which occurred over several months, involved buying shares at prices ranging from $0.30 to $2.40 per share. According to InvestingPro analysis, the stock has delivered a 59% return over the past year, despite currently trading below its Fair Value.
The filing detailed multiple transactions, including the acquisition of 1,112 shares on May 22, 2023, at $2.40 each, and another 1,112 shares on May 22, 2024, at a reduced price of $0.30 each. These purchases contributed to Lipson’s increased stake in the company. InvestingPro data shows the company maintains a FAIR financial health score, though it currently faces challenges with weak gross profit margins.
Besides these acquisitions, the filing also noted other transactions where Lipson exercised warrants and converted preferred stock, reflecting a strategic expansion of his holdings in American Battery Materials. These activities underscore Lipson’s ongoing commitment to the company, as he continues to build his position within the firm’s equity structure. Investors watching this stock should note that BLTH’s next earnings report is expected in approximately 28 days. For deeper insights and additional analysis, including 6 more exclusive ProTips, check out InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.