Nemaska Lithium Inc (TSE:NMX) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.29 and last traded at C$0.28, with a volume of 1371658 shares trading hands. The stock had previously closed at C$0.29.
A number of research analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of Nemaska Lithium from C$0.50 to C$0.35 in a research report on Thursday, April 4th. Beacon Securities downgraded shares of Nemaska Lithium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Eight Capital cut their target price on shares of Nemaska Lithium from C$2.50 to C$1.40 in a research report on Thursday, February 14th. Finally, National Bank Financial downgraded shares of Nemaska Lithium from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$1.50 to C$0.70 in a research report on Wednesday, February 13th.
The company has a current ratio of 8.12, a quick ratio of 8.07 and a debt-to-equity ratio of 98.20. The stock has a market cap of $228.73 million and a PE ratio of -11.74.
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Nemaska Lithium Inc operates as a developing chemical company in Canada. The company focuses on integrating activities from spodumene mining to the commercialization of lithium hydroxide and lithium carbonate. It owns 100% interests in the Whabouchi property that consists of 33 claims covering an area of 1,716 hectares located in the Eeyou Istchee/James Bay area of Quebec province.
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