Nano One Materials (TSX:NANO) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Nano One Materials Corp. (TSX:NANOGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.15 and traded as low as C$0.90. Nano One Materials shares last traded at C$0.95, with a volume of 162,100 shares.

Nano One Materials Stock Performance

The company has a market capitalization of C$85.71 million and a price-to-earnings ratio of -8.11. The firm has a fifty day simple moving average of C$1.15 and a 200 day simple moving average of C$1.24. The company has a debt-to-equity ratio of 2.79, a current ratio of 23.85 and a quick ratio of 23.54.

About Nano One Materials

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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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