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Nano One Materials (TSX:NANO) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Nano One Materials logo with Basic Materials background

Nano One Materials Corp. (TSX:NANO - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.89 and traded as high as C$0.96. Nano One Materials shares last traded at C$0.95, with a volume of 104,700 shares trading hands.

Nano One Materials Stock Performance

The company has a current ratio of 23.85, a quick ratio of 23.54 and a debt-to-equity ratio of 2.79. The stock's fifty day simple moving average is C$0.89 and its 200 day simple moving average is C$0.97. The company has a market cap of C$88.56 million and a price-to-earnings ratio of -8.38.

Nano One Materials Company Profile

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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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