Nano One Materials (TSX:NANO) Stock Price Up 2.1% - Still a Buy?

Key Points

• Nano One Materials Corp. shares increased by 2.1%, trading at C$0.98, despite a significant drop in trading volume.
• The company's market capitalization is C$93.33 million with a notable P/E ratio of -8.83, indicating potential concerns over profitability.
• Nano One specializes in cathode active materials for lithium-ion batteries, catering to sectors such as electric vehicles and energy storage.

Shares of Nano One Materials Corp. (TSX:NANO - ) shot up 2.1% during trading on Monday . The stock traded as high as C$0.98 and last traded at C$0.98. 33,210 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 237,080 shares. The stock had previously closed at C$0.96.

Nano One Materials Price Performance

The company's 50-day simple moving average is C$0.83 and its 200 day simple moving average is C$0.74. The company has a market capitalization of C$93.33 million and a P/E ratio of -8.83. 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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