Nano One Materials (TSE:NANO) Share Price Passes Above 50-Day Moving Average – Here’s Why

Nano One Materials Corp. (TSE:NANO)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.75 and traded as high as C$0.83. Nano One Materials shares last traded at C$0.82, with a volume of 42,143 shares.

Nano One Materials Stock Performance

The company has a market capitalization of C$98.23 million, a price-to-earnings ratio of -6.31 and a beta of 0.14. The stock has a fifty day moving average price of C$0.75 and a two-hundred day moving average price of C$0.87. The company has a quick ratio of 23.54, a current ratio of 23.84 and a debt-to-equity ratio of 2.79.

Nano One Materials (TSE:NANO) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) EPS for the quarter.

About Nano One Materials

Nano One® Materials Corp. (Nano One) is a process technology company changing how cathode active materials (CAMs) are produced for lithium-ion batteries. Nano One’s platform is built on a portfolio of patented processes, decades of manufacturing know-how and modular plant designs that enable scalable, cost-competitive and easier-to-permit CAM production with resilient supply chains. The technology eliminates wastewater and byproducts while enabling regionally sourced raw materials and reducing exposure to foreign supply chain volatility.