Nemaska Lithium Inc (TSE:NMX)’s share price dropped 3.2% during trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 294,001 shares traded hands during trading, a decline of 90% from the average daily volume of 2,984,903 shares. The stock had previously closed at C$0.31.
A number of brokerages have recently issued reports on NMX. National Bank Financial reduced their target price on shares of Nemaska Lithium from C$1.70 to C$1.50 and set an “outperform” rating for the company in a research report on Monday, February 4th. Eight Capital reduced their target price on shares of Nemaska Lithium from C$2.50 to C$1.40 in a research report on Thursday, February 14th. BMO Capital Markets cut shares of Nemaska Lithium from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$1.45 to C$0.50 in a research report on Thursday, February 14th. Finally, Beacon Securities downgraded Nemaska Lithium from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th.
The company has a market cap of $262.61 million and a P/E ratio of -12.83. The company has a debt-to-equity ratio of 98.20, a current ratio of 8.12 and a quick ratio of 8.07.
WARNING: This report was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2019/04/17/nemaska-lithium-nmx-shares-down-3-2.html.
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.
See Also: How is Preferred Stock Different from Common Stock?
Receive News & Ratings for Nemaska Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nemaska Lithium and related companies with MarketBeat.com's FREE daily email newsletter.