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Justin Vorwerk, a director at American Battery Materials, Inc. (NASDAQ:BLTH), has expanded his holdings in the company with a series of purchases totaling $6,180, according to a recent regulatory filing. These acquisitions, made over the past year, involved buying shares at prices ranging from $0.007 to $0.45 per share. The stock has since surged to $5.25, delivering a remarkable year-to-date return of 86% and a one-year gain of 231%, according to InvestingPro data.
The purchases include several transactions in 2023 and 2024, reflecting Vorwerk’s continued investment in the company. The most significant transaction occurred on October 23, 2024, when Vorwerk acquired 12,963 shares at $0.45 each. This brings his total ownership to 15,861 shares following the latest transactions. Track insider transactions and access detailed analysis with InvestingPro’s comprehensive tools.
Investors often scrutinize such filings to gauge insider sentiment, and Vorwerk’s recent activity may signal confidence in the company’s prospects. American Battery Materials, based in Greenwich, Connecticut, is involved in the mining and quarrying of nonmetallic minerals. With a market capitalization of $12.5 million and an overall Financial Health score of "FAIR" from InvestingPro, the company shows mixed indicators.
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