Aemetis, Inc. (NASDAQ: AMTX), a renewable fuels and biochemicals company disclosed it has received the National Drug Code (NDC) from the US Food and Drug Administration (FDA) for the production of Over The Counter (OTC) Sanitizer products.
Aemetis is the producer of high-grade sanitizer alcohol. This FDA registration is an important opportunity for Aemetis to expand its business as the global market for sanitizer products and hand sanitizers have made progress rapidly because of the coronavirus pandemic.
Aemetis (AMTX) share price went from a low point around $0.37 to briefly over $3.47 in the past 52 weeks, though shares have since pulled back to $2.04. It has soared 22.89% after gaining more than +0.38 on Tuesday. It has a day low range of $1.80 and a day high range of $2.68.
AMTX market capitalization has remained high, hitting 42.62 million at the time of writing. It had a trading volume of 34.04 million as compared to the average volume of 1.68 million. Looking at its profitability, it has a return on assets (ROA) of -21.70%, return on equity (ROE) OF 14.70%, and return on investment (ROI) of -18.80%.
The Gross Margin of Aemetis is 11.90%, Profit Margin is -11.60%, and an Operating Margin is 3.00%. AMTX had traded up 450.61% from its 52-weeks low and traded down -41.21% from its 52-weeks high. This company has recorded sales of 196.80 million. If we look at the liquidity of Aemetis, it has a current ratio of 0.30. Its quick ratio has remained as 0.20.
Aemetis has gained a competitive edge as it is the only large scale producer of high-grade sanitizer alcohol in the Western United States. Aemetis has decided to meet all the ongoing demands for alcohol wipes, hand sanitizers, and other sanitizer products under the Aemetis Health Products brand and on a private label basis.
Earlier, it has disclosed that it has completed the construction of the first two dairy digesters and four-mile pipeline for the production of renewable natural gas (RNG). Aemetis aimed to provide the below zero carbon intensity RNG to replaced petroleum-based natural gas.
