Aqua Metals (AQMS) In Strong Bull Trend After Submitting New Patent: A Hold Or Sell?

One of the stocks to have made a remarkable climb over the course of the past three trading sessions is the Aqua Metals Inc (NASDAQ: AQMS) stock. The stock soared by as big as 22% yesterday to take its gains over the previous three trading sessions to 50%.

The remarkable rally in the Aqua Metals stock has come about after the company managed to ink a deal with multinational chemical behemoth BASF. The company has gone through significant changes over the past year.

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In 2020, Aqua Metals not only moved to an asset-light business model but also paid off all of its debts. As per the latest deal signed by the company, it is going to partner with BASF to produce certain chemicals that are necessary for its proprietary lead recycling technology.

Additionally, as part of the agreement, BASF is also going to offer Aqua Metals’ products to its lead recycling clients. It is a major deal for Aqua Metals and investors could consider keeping an eye on it over the coming days.

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Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.