Nano One Materials (TSE:NANO) Sets New 12-Month Low – Time to Sell?

Nano One Materials Corp. (TSE:NANO – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The stock traded as low as C$0.65 and last traded at C$0.66, with a volume of 32,953 shares changing hands. The stock had previously closed at C$0.69.

Nano One Materials Stock Down 2.9%

The company has a market capitalization of C$80.25 million, a price-to-earnings ratio of -4.79 and a beta of -0.17. The company has a debt-to-equity ratio of 2.79, a quick ratio of 23.54 and a current ratio of 23.84. The business’s 50 day moving average is C$0.81 and its 200 day moving average is C$0.85.

Nano One Materials (TSE:NANO – Get Free Report) last posted its quarterly earnings results on Friday, November 13th. The company reported C($0.03) earnings per share for the quarter.

Nano One Materials Company Profile

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Nano One® Materials Corp. (Nano One) is a process technology company changing how cathode active materials (CAMs) are produced for lithium-ion batteries. Nano One’s platform is built on a portfolio of patented processes, decades of manufacturing know-how and modular plant designs that enable scalable, cost-competitive and easier-to-permit CAM production with resilient supply chains. The technology eliminates wastewater and byproducts while enabling regionally sourced raw materials and reducing exposure to foreign supply chain volatility.

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