Neo Lithium (CVE:NLC) Hits New 52-Week Low at $0.50
Neo Lithium Corp (CVE:NLC) reached a new 52-week low on Wednesday . The company traded as low as C$0.50 and last traded at C$0.50, with a volume of 15410 shares. The stock had previously closed at C$0.51.
The business’s 50 day simple moving average is C$0.56 and its two-hundred day simple moving average is C$0.70. The stock has a market cap of $59.93 million and a P/E ratio of -12.14. The company has a quick ratio of 10.23, a current ratio of 10.25 and a debt-to-equity ratio of 0.12.
Neo Lithium (CVE:NLC) last posted its earnings results on Tuesday, August 27th. The company reported C($0.04) earnings per share for the quarter. As a group, research analysts forecast that Neo Lithium Corp will post -0.04 earnings per share for the current fiscal year.
Neo Lithium Corp. engages in the exploration and development of resource properties. The company explores for lithium deposits. It holds 100% interests in the Tres Quebradas project comprising 11 mining claims and 1 exploration claim covering an area of approximately 35,000 hectares is located in the southern end of the lithium triangle in the Puna Plateau in northern Argentina.
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