Northern Lights Acquisition Corp. (NASDAQ:NLIT – Get Free Report)’s share price traded down 1.3% during mid-day trading on Wednesday . The company traded as low as $0.45 and last traded at $0.47. 52,956 shares changed hands during trading, a decline of 30% from the average session volume of 76,109 shares. The stock had previously closed at $0.48.
Northern Lights Acquisition Stock Performance
The company’s 50-day moving average price is $1.16 and its 200 day moving average price is $1.12.
Northern Lights Acquisition Company Profile
Northern Lights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.
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