Northern Lights Acquisition (NASDAQ:NLIT) Shares Down 0.8% – Should You Sell?

Northern Lights Acquisition Corp. (NASDAQ:NLIT)’s share price fell 0.8% during trading on Thursday . The company traded as low as $1.15 and last traded at $1.23. 1,068,336 shares changed hands during mid-day trading, an increase of 1,304% from the average session volume of 76,109 shares. The stock had previously closed at $1.24.

Northern Lights Acquisition Stock Performance

The company has a 50-day moving average of $1.32 and a 200 day moving average of $2.71.

Northern Lights Acquisition Company Profile

Northern Lights Acquisition Corp. (NASDAQ: NLIT) is a Delaware-based special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition or other business combination with one or more businesses. As a blank?check company, Northern Lights Acquisition seeks to leverage public markets to provide private companies with an efficient route to capital and liquidity. The company’s shares trade on the Nasdaq Stock Market under the symbol NLIT, reflecting its listing as a publicly traded vehicle dedicated to identifying and partnering with high?growth businesses.

The company was incorporated in mid-2020 and launched its initial public offering later that year.