Nemaska Lithium (TSE:NMX) Share Price Passes Below 50 Day Moving Average of $0.27

Nemaska Lithium Inc (TSE:NMX) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.27 and traded as low as $0.24. Nemaska Lithium shares last traded at $0.25, with a volume of 1,244,351 shares trading hands.

A number of research firms have recently weighed in on NMX. National Bank Financial lifted their price target on shares of TRANSAT AT from C$8.50 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, May 17th. BMO Capital Markets set a C$50.00 price target on shares of Parkland Fuel and gave the company an “outperform” rating in a research report on Tuesday, May 28th.

The company has a quick ratio of 3.04, a current ratio of 3.09 and a debt-to-equity ratio of 98.93. The company’s 50-day moving average is C$0.27. The firm has a market cap of $220.37 million and a P/E ratio of -5.58.

Nemaska Lithium Company Profile (TSE:NMX)

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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