Nano One Materials (TSX:NANO) Shares Down 4.6% - Here's Why

Key Points

• Nano One Materials Corp. (TSX:NANO) shares dropped 4.6% to C$1.03 during trading, with a significant decline in volume, down 61% from the average daily trading volume.
• The company has a market capitalization of C$98.09 million and a notable debt-to-equity ratio of 2.79, indicating a potentially risky financial position.
• Nano One specializes in producing cathode active materials for lithium-ion batteries, serving sectors such as electric vehicles and energy storage.

Nano One Materials Corp. (TSX:NANO - ) dropped 4.6% during mid-day trading on Monday . The stock traded as low as C$1.02 and last traded at C$1.03. Approximately 91,500 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 237,080 shares. The stock had previously closed at C$1.08.

Nano One Materials Stock Performance

The firm has a market capitalization of C$98.09 million and a price-to-earnings ratio of -9.28. 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 firm has a 50 day moving average price of C$0.94 and a 200-day moving average price of C$0.76.

About Nano One Materials

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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