Neo Lithium (CVE:NLC) Shares Up 0.1% – Here’s What Happened

Shares of Neo Lithium Corp. (CVE:NLC) rose 0.1% on Tuesday . The stock traded as high as C$6.50 and last traded at C$6.50. Approximately 88,215 shares changed hands during trading, a decline of 76% from the average daily volume of 361,891 shares. The stock had previously closed at C$6.49.

Neo Lithium Trading Up 0.1%

The company has a debt-to-equity ratio of 0.01, a current ratio of 20.31 and a quick ratio of 20.20. The business has a fifty day moving average of C$6.50 and a 200-day moving average of C$6.50. The stock has a market capitalization of C$958.79 million and a price-to-earnings ratio of 43.89.

Neo Lithium Company Profile

Neo Lithium Corp., a lithium brine exploration company, engages in the exploration and development of resource properties. It explores for lithium deposits. It owns a 100% interest in the Tres Quebradas (3Q) project covering an area of approximately 35,000 hectares, including a salar complex of approximately 16,000 hectares located in Catamarca Province, Argentina. Neo Lithium Corp. was incorporated in 2016 and is headquartered in Toronto, Canada. As of January 26, 2022, Neo Lithium Corp. operates as a subsidiary of Zijin Mining Group Company Limited.