Nano One Materials (TSE:NANO) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Share price fell below its 50-day moving average, dipping as low as C$0.91 versus a 50-day MA of C$0.92 and last trading at C$0.95 on volume of 84,790 shares.
• Nano One reported a quarterly loss of C($0.03) per share and carries a negative price-to-earnings ratio (-9.50) with a market capitalization of C$113.69 million.
• Business focus: Nano One produces cathode active materials for lithium-ion batteries used in electric vehicles, energy storage systems, and consumer electronics.

Nano One Materials Corp. (TSE:NANO - Get Free Report)'s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.92 and traded as low as C$0.91. Nano One Materials shares last traded at C$0.95, with a volume of 84,790 shares trading hands.

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 stock has a market cap of C$113.69 million, a price-to-earnings ratio of -9.50 and a beta of 0.22. The business's 50-day simple moving average is C$0.92 and its two-hundred day simple moving average is C$1.17.

Nano One Materials (TSE:NANO - Get Free Report) last issued its earnings results on Wednesday, March 25th. The company reported C($0.03) earnings per share for the quarter.

Nano One Materials Company Profile

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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