Neometals (OTCMKTS:RDRUY) Shares Up 20% – Here’s Why
by Tristan Rich · The Markets DailyNeometals Ltd (OTCMKTS:RDRUY – Get Free Report) shot up 20% during mid-day trading on Thursday . The stock traded as high as C$0.30 and last traded at C$0.30. 2,000 shares changed hands during mid-day trading, an increase of 227% from the average session volume of 611 shares. The stock had previously closed at C$0.25.
Neometals Price Performance
The firm has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.37.
About Neometals
Neometals Ltd (OTCMKTS: RDRUY) is a Australia-based company specializing in sustainable battery materials and resource recovery. The company’s core activities span lithium refining and vanadium extraction from mineral sands, as well as commercial‐scale lithium‐ion battery recycling. Neometals leverages proprietary technologies to recover critical metals from both ore deposits and end‐of‐life batteries, aiming to support cleaner energy markets and reduce reliance on traditional mining practices.
One of Neometals’ flagship initiatives is its partnership with SMS group GmbH through the Primobius joint venture, which operates a demonstration lithium‐ion battery recycling plant in Germany.