Aqua Metals Inc (NASDAQ:AQMS) has begun producing high-grade lead using its proprietary electrochemical lead recycling technology known as AquaRefining. The soft lead has a purity grade of 99.985%, meeting the standards on the London Metals Exchange. The water-based process is a pollution-free alternative to smelting. The company hopes to meet the growing demand for lead to power vehicle batteries and alternative energy like solar and wind. Shares of the waste management company were up more than 6% to US$3.22.
KMG Chemicals Inc (NYSE:KMG) crushed earnings and revenue estimates in its fiscal third quarter, sending its shares soaring. The company reported earnings of US$1.10 per share on revenue of US$118.6mln versus analyst estimates of US$0.84 per share on revenue of US$112.97mln. The specialty chemicals company has a rosy outlook for the year ahead, upping its guidance on net sales and adjusted EBITDA. Shares of the Texas-based company jumped nearly 10% to US$77.21.
Enzo Biochem Inc (NYSE:ENZ) reported a wider-than-expected earnings loss in its fiscal third-quarter results, missing on revenue as well. The diagnostics and research firm posted a loss of US$0.06 per share on revenue of US$25.6mln, falling below Wall Street estimates of an earnings loss of US$0.02 EPS on revenue of $27.92mln. The biotech’s services revenue was impacted by a lost customer, adverse weather and other factors. Shares of the company were down nearly 10% to US$6.07.
Griffon Corp (NYSE:GFF) shares fell after announcing that GS Direct LLC, an investment arm of Goldman Sachs Group Inc, will take part in a proposed offering of more than 5.5 million shares of its common stock. Griffon will offer 2.5 million shares of its common stock. The proceeds will be used as working capital and be put towards acquisitions. Shares of the New York-based holding company fell more than 10% to US$20.45.
The small-cap indices Russell 2000 and S&P 600 saw minimal gains, both up less than 1%.