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Nano One Materials (TSX:NANO) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Nano One Materials logo with Basic Materials background

Nano One Materials Corp. (TSX:NANO - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.89 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 changing hands.

Nano One Materials Stock Performance

The company has a debt-to-equity ratio of 2.79, a quick ratio of 23.54 and a current ratio of 23.85. The company has a market capitalization of C$88.56 million and a price-to-earnings ratio of -8.38. The firm has a 50-day simple moving average of C$0.89 and a two-hundred day simple moving average of C$0.97.

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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