Nano One Materials (TSX:NANO) Shares Cross Below Fifty Day Moving Average – Here’s Why

Nano One Materials Corp. (TSX:NANOGet Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.82 and traded as low as C$0.65. Nano One Materials shares last traded at C$0.68, with a volume of 74,806 shares.

Nano One Materials Price Performance

The company has a debt-to-equity ratio of 2.79, a current ratio of 23.85 and a quick ratio of 23.54. The company has a 50 day moving average price of C$0.82 and a 200 day moving average price of C$0.87. The firm has a market cap of C$62.85 million and a PE ratio of -5.95.

About Nano One Materials

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Nano One Materials Corp. produces cathode active materials for lithium-ion battery applications in electric vehicles, energy storage systems, and consumer electronics. The company was incorporated in 1987 and is headquartered in Burnaby, Canada.

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