Northern Lights Acquisition Corp. (NASDAQ:NLIT – Get Free Report) fell 1.1% during mid-day trading on Friday . The company traded as low as $0.22 and last traded at $0.2340. Approximately 832,257 shares traded hands during mid-day trading, an increase of 994% from the average daily volume of 76,109 shares. The stock had previously closed at $0.2366.
Northern Lights Acquisition Trading Down 1.1%
The firm has a fifty day simple moving average of $0.52 and a 200 day simple moving average of $0.87.
About Northern Lights Acquisition
Northern Lights Acquisition Corp. (NASDAQ: NLIT) is a Delaware-based special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition or other business combination with one or more businesses. As a blank‐check company, Northern Lights Acquisition seeks to leverage public markets to provide private companies with an efficient route to capital and liquidity. The company’s shares trade on the Nasdaq Stock Market under the symbol NLIT, reflecting its listing as a publicly traded vehicle dedicated to identifying and partnering with high‐growth businesses.
The company was incorporated in mid-2020 and launched its initial public offering later that year.
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