Nano One Materials (TSE:NANO) Stock Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Nano One Materials Corp. (TSE:NANO)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$0.83 and traded as low as C$0.77. Nano One Materials shares last traded at C$0.79, with a volume of 97,132 shares trading hands.

Nano One Materials Price Performance

The stock has a 50-day simple moving average of C$0.83 and a 200 day simple moving average of C$0.84. The company has a market cap of C$94.63 million, a PE ratio of -5.64 and a beta of 0.04. The company has a quick ratio of 23.54, a current ratio of 23.84 and a debt-to-equity ratio of 2.79.

Nano One Materials (TSE:NANO) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.04) earnings per share for the quarter.

About Nano One Materials

Nano One® Materials Corp. (Nano One) is a process technology company changing how cathode active materials (CAMs) are produced for lithium-ion batteries. Nano One’s platform is built on a portfolio of patented processes, decades of manufacturing know-how and modular plant designs that enable scalable, cost-competitive and easier-to-permit CAM production with resilient supply chains. The technology eliminates wastewater and byproducts while enabling regionally sourced raw materials and reducing exposure to foreign supply chain volatility.