Nano One Materials (TSX:NANO) Stock Price Down 3.9% - Here's Why

Key Points

• Nano One Materials Corp. shares fell by 3.9% to close at C$0.98, with trading volume dropping 64% below the average daily volume.
• The company has a high debt-to-equity ratio of 2.79 and a market capitalization of C$93.33 million.
• Nano One specializes in producing cathode active materials for lithium-ion batteries used in electric vehicles and energy storage systems.

Nano One Materials Corp. (TSX:NANO - )'s share price was down 3.9% during trading on Monday . The company traded as low as C$0.96 and last traded at C$0.98. Approximately 85,219 shares changed hands during trading, a decline of 64% from the average daily volume of 237,080 shares. The stock had previously closed at C$1.02.

Nano One Materials Trading Down 3.9%

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 business has a 50 day moving average of C$0.73 and a 200 day moving average of C$0.73. The firm has a market capitalization of C$93.33 million and a price-to-earnings ratio of -8.83.

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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