Streetbeat News

LICY

Li-Cycle Holdings Corp.

Industry

Waste Management

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Ontario.

Open

2.28

Mkt cap

48M

Volume

1.4M

High

2.32

P/E Ratio

-0.37

52-wk high

15.36

Low

2.00

Div yield

N/A

52-wk low

1.22

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Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:07 pm

In Tuesday's intraday session, several industrials stocks experienced significant movements. Notably, Singularity Future Tech, Li-Cycle Holdings, and Lucas GC were among the top gainers, while Simpple, Complete Solaria, and Blade Air Mobility led the losers. The movements were attributed to various factors, including recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:31 pm

Li-Cycle Holdings Corp (NYSE:LICY) has announced a $75 million investment from Glencore plc (OTC:GLNCY) through a senior secured convertible note. This investment follows a previous one in June 2022 and aims to improve Li-Cycle's liquidity. The company is also reviewing its strategy for the Rochester Hub and has agreed to add two Glencore nominees to its Board. Li-Cycle's shares surged 29.46% to $0.5193 following the announcement.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 3:44 pm

In Tuesday's pre-market session, several industrials stocks showed significant movement. Gainers included Li-Cycle Holdings, Singularity Future Tech, ATIF Holdings, Polar Power, Desktop Metal, and EHang Holdings with increases ranging from 10.03% to 42.4%. On the losing side, Blade Air Mobility, Swvl Hldgs, Solidion Technology, Southwest Airlines, Simpple, and Fuel Tech saw declines between 5.99% and 12.3%. Notably, Blade Air Mobility and Fuel Tech's movements were associated with their Q4 earnings releases.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 1:05 pm

Li-Cycle's stock price increased following the announcement of a $75 million senior secured convertible note agreement with a Glencore affiliate. This financial move could bolster Li-Cycle's balance sheet and fund future expansions.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:43 pm

Li-Cycle Holdings Corp. (NYSE:LICY) has entered into an agreement to issue a $75M senior secured convertible note to an affiliate of Glencore plc (LON: GLEN), enhancing their strategic partnership. This investment aims to improve Li-Cycle's liquidity and supports its future plans, including the development of the Rochester Hub. The agreement amends an existing note, extending its maturity and adjusting terms. Li-Cycle continues to review its global recycling network and strategy for the Rochester Hub, with a focus on critical battery materials production.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 12:21 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Notable gainers included Nxu, JanOne, Li-Cycle Holdings, Xos, TDCX, and Caravelle Intl Gr, with increases ranging from 14.27% to 36.3%. On the downside, Sidus Space, Tritium DCFC, TTEC Holdings, Ideanomics, Royalty Management Hldgs, and Vast Renewables saw declines between 16.26% and 36.3%. TTEC Holdings' drop was highlighted by a recent Q4 earnings release.

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