Neo Lithium (CVE:NLC) Trading 0.1% Higher – Here’s Why

Neo Lithium Corp. (CVE:NLC) shares were up 0.1% during mid-day trading on Thursday . The stock traded as high as C$6.50 and last traded at C$6.50. Approximately 88,215 shares were traded during trading, a decline of 76% from the average daily volume of 361,891 shares. The stock had previously closed at C$6.49.

Neo Lithium Stock Performance

The firm has a fifty day moving average of C$6.50 and a 200-day moving average of C$6.50. The company has a quick ratio of 20.20, a current ratio of 20.31 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$958.79 million and a P/E ratio of 43.89.

Neo Lithium Company Profile

Neo Lithium Corp., a lithium brine exploration company, engages in the exploration and development of resource properties. It explores for lithium deposits. It owns a 100% interest in the Tres Quebradas (3Q) project covering an area of approximately 35,000 hectares, including a salar complex of approximately 16,000 hectares located in Catamarca Province, Argentina.