Neo Lithium (CVE:NLC) Shares Up 0.1% – Still a Buy?

Neo Lithium Corp. (CVE:NLC) shares rose 0.1% on Thursday . The stock traded as high as C$6.50 and last traded at C$6.50. Approximately 88,215 shares were traded during mid-day 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 Stock Performance

The stock’s 50 day simple moving average is C$6.50 and its two-hundred day simple moving average is C$6.50. The company has a market capitalization of C$958.79 million and a P/E ratio of 43.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 20.31 and a quick ratio of 20.20.

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.