Nemaska Lithium (TSE:NMX) Stock Crosses Above 200-Day Moving Average of $0.29

Nemaska Lithium Inc (TSE:NMX)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.29 and traded as high as $0.23. Nemaska Lithium shares last traded at $0.22, with a volume of 1,273,763 shares changing hands.

Separately, Cormark dropped their target price on shares of Nemaska Lithium from C$0.55 to C$0.40 in a report on Monday, July 22nd.

The company has a current ratio of 3.09, a quick ratio of 3.04 and a debt-to-equity ratio of 98.93. The company’s fifty day moving average is C$0.27 and its two-hundred day moving average is C$0.29. The stock has a market cap of $194.94 million and a price-to-earnings ratio of -5.00.

Nemaska Lithium Company Profile (TSE:NMX)

Nemaska Lithium Inc operates as a developing chemical company in Canada. The company focuses on integrating activities from spodumene mining to the commercialization of lithium hydroxide and lithium carbonate. It owns 100% interests in the Whabouchi property that consists of 33 claims covering an area of 1,716 hectares located in the Eeyou Istchee/James Bay area of Quebec province.

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