Home / Basic Materials / Midday Update: Aemetis Inc (AMTX) Charges Ahead 4.69% on September 22

Midday Update: Aemetis Inc (AMTX) Charges Ahead 4.69% on September 22

Aemetis Inc (AMTX) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of AMTX have gained 4.69% to $1.34 after closing the day prior at $1.28. In the first two and a half hours of trading, the stock has gone as high as $1.34 and as low as $1.3. Today’s rise has come with about 5,336 shares changing hands, compared to an average 30-day volume of 58,686 for Aemetis Inc. The price is currently below the 30-day volume weighted average price of $1.32 for AMTX.

The share appreciation gives the company a market capitalization of $25.42 million based upon 19.86 million shares outstanding. It also means that AMTX has a price-to-book ratio of 141.51:1.

In the past 52 weeks, shares of AMTX have traded as low as $1.01 and as high as $3.42. Technical traders will take note that at $1.34, shares of AMTX are trading below their 200-day MA at $2.1 and below their 50-day MA at $1.69. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is AMTX?

Aemetis Inc is a renewable fuels and biochemical company. It is engaged in the production of fuels and chemicals through acquisition, development and commercialization of technologies. The company’s 135 employees are led by CEO Eric A. McAfee from the corporate headquarters at 20400 Stevens Creek Boulevard in Cupertino, CA.

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