Nemaska Lithium (TSE:NMX) Stock Price Down 11.1%

Shares of Nemaska Lithium Inc (TSE:NMX) traded down 11.1% during trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.16, 1,608,241 shares changed hands during trading. A decline of 14% from the average session volume of 1,869,838 shares. The stock had previously closed at C$0.18.

Several analysts recently commented on the stock. Cormark reduced their target price on shares of Nemaska Lithium from C$0.55 to C$0.40 in a report on Monday, July 22nd. BMO Capital Markets reduced their target price on shares of Nemaska Lithium from C$0.30 to C$0.20 in a report on Wednesday, October 16th.

The company has a debt-to-equity ratio of 100.04, a quick ratio of 0.23 and a current ratio of 1.10. The stock has a market cap of $152.57 million and a P/E ratio of -5.15. The stock’s fifty day simple moving average is C$0.21 and its 200-day simple moving average is C$0.26.

About Nemaska Lithium (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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