Lithium Stocks To Follow Today – February 02nd

Exxon Mobil, Albemarle, Rio Tinto Group, Arcadium Lithium, QuantumScape, Enovix, and Cabot are the seven Lithium stocks to watch today, according to MarketBeat’s stock screener tool. Lithium stocks refer to publicly traded companies that are involved in the exploration, production, or supply of lithium – a valuable metal used in various technologies such as batteries for electric vehicles and renewable energy storage systems. Investing in lithium stocks allows individuals to participate in the growing demand for lithium due to the increasing adoption of electric vehicles and renewable energy sources. These companies had the highest dollar trading volume of any Lithium stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Shares of NYSE:XOM traded down $2.75 during trading on Friday, reaching $106.82. The company had a trading volume of 20,373,958 shares, compared to its average volume of 13,650,872. The stock’s fifty day moving average price is $110.36 and its 200 day moving average price is $115.23. Exxon Mobil has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $469.48 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91.

Albemarle (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.

Shares of ALB stock traded down $1.66 during mid-day trading on Friday, hitting $83.99. The stock had a trading volume of 2,785,898 shares, compared to its average volume of 1,948,486. Albemarle has a fifty-two week low of $71.97 and a fifty-two week high of $143.19. The company’s 50-day simple moving average is $94.74 and its 200-day simple moving average is $93.28. The company has a quick ratio of 1.58, a current ratio of 2.44 and a debt-to-equity ratio of 0.43.

Rio Tinto Group (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

RIO traded down $0.52 during trading on Friday, reaching $60.39. The company’s stock had a trading volume of 2,750,898 shares, compared to its average volume of 3,279,765. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The company’s fifty day moving average price is $60.83 and its 200-day moving average price is $63.10. Rio Tinto Group has a 52-week low of $57.85 and a 52-week high of $74.24.

Arcadium Lithium (ALTM)

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.

Shares of ALTM traded down $0.02 during mid-day trading on Friday, hitting $5.73. The company’s stock had a trading volume of 17,349,700 shares, compared to its average volume of 18,853,545. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $5.76. The firm has a market capitalization of $6.16 billion, a P/E ratio of 21.20 and a beta of 1.43. The firm has a 50-day simple moving average of $5.35 and a 200 day simple moving average of $4.31.

QuantumScape (QS)

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

QuantumScape stock traded down $0.03 during midday trading on Friday, reaching $5.18. The company’s stock had a trading volume of 16,979,060 shares, compared to its average volume of 15,179,653. QuantumScape has a fifty-two week low of $4.65 and a fifty-two week high of $9.52. The stock’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $5.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

Enovix (ENVX)

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.

Shares of ENVX traded down $0.32 during trading hours on Friday, reaching $12.06. The company had a trading volume of 6,886,866 shares, compared to its average volume of 7,066,695. The company has a current ratio of 3.77, a quick ratio of 3.61 and a debt-to-equity ratio of 0.99. Enovix has a 12-month low of $5.70 and a 12-month high of $18.68. The firm has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $10.59. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -7.49 and a beta of 1.86.

Cabot (CBT)

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.

CBT traded down $0.86 on Friday, hitting $86.39. 513,185 shares of the company were exchanged, compared to its average volume of 305,411. The business’s fifty day moving average is $95.85 and its 200 day moving average is $102.11. Cabot has a fifty-two week low of $70.63 and a fifty-two week high of $117.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 2.08. The firm has a market capitalization of $4.68 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21.