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Nano One Materials (TSX:NANO) Stock Passes Below 50 Day Moving Average - Here's Why

Nano One Materials logo with Basic Materials background
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Shares of Nano One Materials Corp. (TSX:NANO - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.74 and traded as low as C$0.61. Nano One Materials shares last traded at C$0.65, with a volume of 53,036 shares traded.

Nano One Materials Stock Performance

The company has a market cap of C$61.90 million and a P/E ratio of -5.86. The company has a quick ratio of 23.54, a current ratio of 23.85 and a debt-to-equity ratio of 2.79. The company has a 50 day moving average price of C$0.73 and a 200-day moving average price of C$0.85.

About Nano One Materials

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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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