American Manganese Inc. (OTCMKTS:AMYZF) is down 10% weekly. The company has announced that it has been picked among the 15 finalists, among almost 120 firms, to meet different business line decision-makers at Evonik Industries AG.
Market Reaction
On Wednesday, AMYZF stock fell 1.70% to $0.4670 with 293K shares, compared to its average volume of 226K shares. The stock moved within a range of $0.4500 – 0.4700 after opening trade at $0.47.
American Manganese Invited to Present at the Massachusetts Institute of Technology for Evonik’s Battery Solutions Day
Evonik is a top specialty chemicals firm. The company is expected to present its novel lithium-ion battery recycling tech, RecycLiCo, during the Evonik Battery Solutions Day happening at the Massachusetts Institute of Technology.
In partnership with Blumorpho, Evonik is considering possible investment and collaboration prospects with firms showing a strong value proposition and a high level of differentiation in various battery solutions. American Manganese CEO Larry Reaugh said that they are delighted to be among the finalists focusing on battery solutions considering the company’s application has been attracting considerable interest from groups within Evonik. Larry said they are looking to meet teams and create high-value synergies between their RecycLiCo tech and Evonik’s investment opportunities and innovative activities. So AMYZF is worth watching in the coming days.
Key Quote
“We are proud to be selected as 1 of 15 finalists focused on battery solutions, and we are told that American Manganese’s application has raised high interest from multiple teams within Evonik,” said Larry Reaugh, President and CEO of American Manganese Inc. “We will look to meet and generate high-value synergies between our RecycLiCo technology and Evonik’s innovation activities and investment opportunities.”
Traders Review
AMYZF stock is trading below the 50-Day and 200-Day Moving averages of $0.52 and $0.55 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.66.
