NEW YORK, Dec. 18, 2017 — Pomerantz LLP is investigating claims on behalf of investors of Aqua Metals, Inc. (“Aqua Metals” or the “Company”) (NASDAQ: AQMS). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Aqua Metals and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 9, 2017, Aqua Metals advised investors that the Company had experienced “issues” and “challenges” as it ramped up its AquaRefining recycling process, specifically stating that certain steps in the process “took longer than we planned to get . . . up and running.” On this news, Aqua Metals' share price fell $4.34, or roughly 26%, to close at $12.31 on May 10, 2017.
On August 9, 2017, post-market, Aqua Metals advised investors that the Company's recycling facility was operating “with an output of less than 120 tons a day.” On this news, Aqua Metals' share price fell $2.56, or 23.6%, to close at $8.31 on August 10, 2017.
On October 23, 2017, Aqua Metals provided an updated on its recycling facility's operations, disclosing that the Company had only “produced small quantities of AquaRefined lead during the commissioning process” and was still in the process of “optimizing working procedures and minimizing waste.” On this news, Aqua Metals' share price fell $0.96, or 17.9%, to close at $4.41 on October 23, 2017.
On November 9, 2017, Aqua Metals disclosed to investors that the Company “faced . . . many challenges as [it] worked to ramp up production.” On this news, Aqua Metals' share price fell $0.08, or 2.1%, to close at $3.71 on November 10, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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