Nemaska Lithium (NMX) Cut to “Sector Perform” at National Bank Financial

National Bank Financial lowered shares of Nemaska Lithium (TSE:NMX) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday. The firm currently has C$2.40 price target on the stock, up from their prior price target of C$2.30.

Nemaska Lithium (TSE:NMX) opened at C$2.09 on Wednesday. Nemaska Lithium has a 1 year low of C$0.95 and a 1 year high of C$2.44. The firm has a market cap of $790.23, a PE ratio of -69.67 and a beta of 0.38.

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About Nemaska Lithium

Nemaska Lithium Inc engages in the exploration and evaluation of hard rock lithium mining properties and related processing of spodumene into lithium compounds in Canada. The company 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; and the Sirmac Property, which comprises 24 mining claims covering an area of 1,101 hectares located to the northwest of the town of Chibougamau and southeast of the town of Nemaskain Quebec province.

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