Nano One Materials (TSX:NANO) Stock Price Down 6.5% - Should You Sell?

Key Points

• Nano One Materials Corp. experienced a 6.5% decline in stock price, trading at C$1.57 after reaching a low of C$1.53 during mid-day trading.
• The company's trading volume increased significantly, with approximately 405,619 shares changing hands, which is a 71% increase from the average daily volume.
• Nano One has a market capitalization of C$149.51 million and a price-to-earnings ratio of -14.14, indicating potential financial challenges.

Nano One Materials Corp. (TSX:NANO - )'s stock price dropped 6.5% during mid-day trading on Monday . The stock traded as low as C$1.53 and last traded at C$1.57. Approximately 405,619 shares changed hands during mid-day trading, an increase of 71% from the average daily volume of 237,080 shares. The stock had previously closed at C$1.68.

Nano One Materials Stock Down 6.5%

The company has a market capitalization of C$149.51 million and a price-to-earnings ratio of -14.14. The business has a fifty day simple moving average of C$1.21 and a two-hundred day simple moving average of C$0.90. The company has a quick ratio of 23.54, a current ratio of 23.85 and a debt-to-equity ratio of 2.79.

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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