Neo Lithium (CVE:NLC) Stock Price Up 0.1% – Here’s Why

Neo Lithium Corp. (CVE:NLC) shares shot up 0.1% during mid-day trading on Tuesday. The company traded as high as C$6.50 and last traded at C$6.50. 88,215 shares traded hands during trading, a decline of 76% from the average daily volume of 361,891 shares. The stock had previously closed at C$6.49.

Neo Lithium Stock Up 0.1%

The company has a current ratio of 20.31, a quick ratio of 20.20 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of C$6.50 and a 200 day simple moving average of C$6.50. The company has a market cap of C$958.79 million and a P/E ratio of 43.89.

About Neo Lithium

Neo Lithium Corp., a lithium brine exploration company, engages in the exploration and development of resource properties. It explores for lithium deposits. It owns a 100% interest in the Tres Quebradas (3Q) project covering an area of approximately 35,000 hectares, including a salar complex of approximately 16,000 hectares located in Catamarca Province, Argentina. Neo Lithium Corp. was incorporated in 2016 and is headquartered in Toronto, Canada. As of January 26, 2022, Neo Lithium Corp. operates as a subsidiary of Zijin Mining Group Company Limited.