Nemaska Lithium (TSE:NMX) Shares Down 3%

Nemaska Lithium (TSE:NMX) Shares Down 3%

Nemaska Lithium Inc (TSE:NMX) shares were down 3% during mid-day trading on Thursday . The stock traded as low as C$0.32 and last traded at C$0.32, approximately 162,640 shares traded hands during mid-day trading. A decline of 93% from the average daily volume of 2,348,038 shares. The stock had previously closed at C$0.33.

Several equities analysts recently issued reports on NMX shares. BMO Capital Markets set a C$50.00 price objective on Parkland Fuel and gave the company an “outperform” rating in a research report on Tuesday, May 28th. National Bank Financial boosted their price objective on TRANSAT AT from C$8.50 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, May 17th. Finally, Cormark decreased their price objective on Nemaska Lithium from C$0.55 to C$0.40 in a research report on Monday, July 22nd.

The company has a current ratio of 3.09, a quick ratio of 3.04 and a debt-to-equity ratio of 98.93. The stock has a 50-day moving average of C$0.27. The stock has a market capitalization of $258.51 million and a PE ratio of -6.51.

Nemaska Lithium (TSE:NMX) last released its quarterly earnings results on Wednesday, May 15th. The company reported C($0.01) earnings per share for the quarter. Equities analysts predict that Nemaska Lithium Inc will post -0.04 earnings per share for the current year.

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.

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