Nano One Materials Corp. (OTCMKTS:NNOMF – Get Free Report)’s stock price dropped 2% during mid-day trading on Thursday. The company traded as low as $0.5914 and last traded at $0.61. 27,339 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 78,363 shares. The stock had previously closed at $0.6227.
Nano One Materials Price Performance
The company has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.60.
Nano One Materials Company Profile
Nano One Materials Corp. is a Canadian battery-materials technology company focused on improving the production of cathode active materials used in lithium-ion batteries. Its technology is designed for applications including electric vehicles, energy-storage systems and other rechargeable-battery markets.
The company’s core innovation is its patented “One-Pot” process, which is intended to manufacture cathode materials in a simplified production step. Nano One has developed materials based on lithium iron phosphate (LFP) and nickel-manganese-cobalt (NMC) chemistries, with an emphasis on reducing manufacturing complexity, energy use and reliance on certain costly or environmentally intensive inputs.
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