Nemaska Lithium’s (NMX) Buy Rating Reiterated at Beacon Securities
NMX has been the topic of several other reports. Eight Capital increased their price target on shares of Nemaska Lithium from C$2.80 to C$3.00 in a research report on Wednesday, January 10th. National Bank Financial downgraded shares of Nemaska Lithium from an outperform rating to a sector perform rating and increased their price target for the stock from C$2.30 to C$2.40 in a research report on Wednesday, January 10th. Canaccord Genuity increased their price target on shares of Nemaska Lithium from C$2.25 to C$2.50 in a research report on Monday, January 15th. Finally, Roth Capital downgraded shares of Nemaska Lithium from a buy rating to a neutral rating in a research report on Sunday, February 25th.
Nemaska Lithium (NMX) traded down C$0.05 on Thursday, reaching C$1.32. 4,150,000 shares of the company’s stock traded hands, compared to its average volume of 2,040,000. Nemaska Lithium has a fifty-two week low of C$0.95 and a fifty-two week high of C$2.44. The company has a market capitalization of $528.47, a P/E ratio of -44.00 and a beta of 0.33.
Nemaska Lithium Inc engages in the exploration and evaluation of lithium hard rock mining properties in Canada. 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; and the Sirmac property, which comprises 24 mining claims covering an area of 1,101 hectares located to the north-west of Chibougamau.
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