July 2, 2020: Aqua Metals, the alternative lead battery recycling firm, announced on June 30 that it had “regained full compliance with the minimum bid price requirement in Nasdaq Rule 5550(a)(2) by achieving a closing bid price for the company’s common stock of at least $1 per share over a minimum of 10 consecutive business days”.

According to the Nasdaq rule, if a company’s share price drops below $1 a share and remains below that for a set period of time the firm will be delisted from the exchange.

Aqua Metals’ share price plummeted from $1.35 a share to $0.81 on December 2, following a fire at its plant in Nevada at the end of November. In early April it hit a record low of $0.33. As of July 1, the share price stood at $1.20. At its peak in March 2017 the shares traded at $19.92.

Separately, the firm announced on June 22 that it had successfully performed a test run of its updated and improved electrolyzer.