Canaccord Genuity Reiterates Speculative Buy Rating for Nemaska Lithium Inc (NMX)
Nemaska Lithium Inc (TSE:NMX)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity in a report issued on Monday. They currently have a C$1.90 price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 45.04% from the stock’s current price.
Separately, Roth Capital restated a “buy” rating on shares of Nemaska Lithium in a research report on Thursday, September 8th.
Nemaska Lithium (TSE:NMX) traded up 0.76% during midday trading on Monday, hitting $1.32. The stock had a trading volume of 258,998 shares. The stock’s market cap is $311.76 million. The firm has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.25. Nemaska Lithium has a one year low of $0.26 and a one year high of $1.97.
About Nemaska Lithium
Nemaska Lithium Inc is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds. The Company’s activities are in the Province of Quebec, Canada. Its proeprties include Whabouchi, Sirmac and Lithium Chemicals Complex. The Company owns over two mining properties consisting of approximately 60 claims (Whabouchi and Sirmac) in the Eeyou Istchee/James Bay territory, province of Quebec.
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