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Marilyn S. Kane, a 10% owner of American Battery Materials, Inc. (NASDAQ:BLTH), recently reported significant stock transactions involving the company. According to a recent SEC filing, Kane sold a total of 36,450 shares of common stock in two separate transactions. The sales were executed at a price of $4.80 per share, resulting in a total value of $174,960. The stock has shown remarkable momentum, with an 89% gain in the past week and a 77% increase year-to-date, according to InvestingPro data.
Additionally, Kane acquired 2,877 shares of common stock at a price of $2.25 per share, amounting to a total purchase value of $6,473. Following these transactions, Kane’s direct and indirect ownership of American Battery Materials stock adjusted accordingly. With a current market capitalization of $13.48 million, InvestingPro analysis suggests the stock is trading above its Fair Value, with several additional insights available to subscribers.
The filing also mentions a convertible note held by Kane, valued at $55,322, which is convertible into common stock upon the company’s uplist to a senior exchange. This note is tentatively convertible at a price of $4.00 per share.
These transactions provide insight into the trading activities of significant shareholders within American Battery Materials, a company engaged in the mining and quarrying of nonmetallic minerals.
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