Vertex Pharmaceuticals stock falls after pain drug fails in Phase 2 study
Sebastian Lux, a director at American Battery Materials, Inc. (OTC:BLTH), recently made several purchases of the company’s stock, according to a recent SEC filing. Lux acquired a total of 12,224 shares of common stock in three separate transactions. The purchases, which took place between May 2023 and October 2024, ranged in price from $0.007 to $0.45 per share, totaling approximately $4,841. The timing of these purchases is particularly noteworthy, as InvestingPro data shows the stock has delivered an impressive 872% return over the past six months.
These transactions have increased Lux’s total holdings to 34,234 shares of American Battery Materials’ common stock. The company, which operates in the non-fuel mining and quarrying sector, has seen its stock trade under the ticker BLTH. With a current market capitalization of $2.98 million and a stock price of $1.25, InvestingPro analysis suggests the stock is currently overvalued. Investors should note that the company’s next earnings report is expected on March 31, 2025.
Lux’s acquisitions also included a purchase of 22,000 common stock options at an exercise price of $1.55, set to expire in December 2034. However, the focus remains on the direct stock purchases, which reflect Lux’s continued investment in the company. For comprehensive insider trading analysis and additional insights, investors can access more than 5 exclusive ProTips and detailed financial metrics through InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.