Aqua Metals is engaged in the business of recycling lead through a proprietary and patent-pending process that Co. developed and named AquaRefining. AquaRefining uses an aqueous solvent and an electro-chemical process to produce lead suitable for use in lead acid battery (LAB) production. Co.'s AquaRefining process has two main elements. The first is Co.'s use of a proprietary, non-toxic solvent that dissolves lead compounds. The second is a proprietary electro-chemical process and electrolyzer that converts the dissolved lead compounds into high purity lead suitable for use in LAB production.
Aqua Metals (AQMS) has the following price history information. Looking back at AQMS historical stock prices for the last five trading days, on April 12, 2019, AQMS opened at $2.96, traded as high as $3.09 and as low as $2.94, and closed at $3.03. Trading volume was a total of 372.20K shares. On April 15, 2019, AQMS opened at $3.03, traded as high as $3.05 and as low as $2.92, and closed at $2.93. Trading volume was a total of 436.00K shares. On April 16, 2019, AQMS opened at $2.94, traded as high as $2.96 and as low as $2.73, and closed at $2.79. Trading volume was a total of 514.90K shares. On April 17, 2019, AQMS opened at $2.78, traded as high as $2.80 and as low as $2.58, and closed at $2.65. Trading volume was a total of 445.70K shares. On April 18, 2019, AQMS opened at $2.65, traded as high as $2.73 and as low as $2.52, and closed at $2.54. Trading volume was a total of 583.40K shares.
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Aqua Metals shares, starting with a $10,000 purchase of AQMS, and working forward through the historical stock price information to today.