Nano One Materials (TSX:NANO) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Nano One Materials Corp. (TSX:NANOGet Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.06 and traded as low as C$0.85. Nano One Materials shares last traded at C$0.95, with a volume of 387,607 shares traded.

Nano One Materials Price Performance

The firm has a market cap of C$89.52 million and a P/E ratio of -8.47. The company has a debt-to-equity ratio of 2.79, a current ratio of 23.85 and a quick ratio of 23.54. The stock’s 50-day simple moving average is C$1.06 and its two-hundred day simple moving average is C$1.24.

About Nano One Materials

(Get Free Report)

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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