Canaccord Genuity Reiterates Speculative Buy Rating for Nemaska Lithium Inc (NMX)
Nemaska Lithium Inc (TSE:NMX)‘s stock had its “speculative buy” rating restated by research analysts at Canaccord Genuity in a report issued on Monday. They currently have a C$1.90 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 45.04% from the stock’s current price.
Separately, Roth Capital reaffirmed a “buy” rating on shares of Nemaska Lithium in a research note on Thursday, September 8th.
Shares of Nemaska Lithium (TSE:NMX) traded up 0.76% during midday trading on Monday, reaching $1.32. 259,258 shares of the company’s stock were exchanged. Nemaska Lithium has a 12-month low of $0.26 and a 12-month high of $1.97. The stock’s market capitalization is $311.76 million. The firm has a 50-day moving average of $1.30 and a 200-day moving average of $1.25.
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About Nemaska Lithium
Nemaska Lithium Inc is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds. The Company’s activities are in the Province of Quebec, Canada. Its proeprties include Whabouchi, Sirmac and Lithium Chemicals Complex. The Company owns over two mining properties consisting of approximately 60 claims (Whabouchi and Sirmac) in the Eeyou Istchee/James Bay territory, province of Quebec.
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