Insider Buying: Nemaska Lithium Inc (NMX) Director Acquires 20,000 Shares of Stock

Nemaska Lithium Inc (TSE:NMX) Director Guy Georges Bourassa purchased 20,000 shares of Nemaska Lithium stock in a transaction that occurred on Thursday, June 14th. The shares were acquired at an average price of C$0.95 per share, with a total value of C$19,000.00.

Guy Georges Bourassa also recently made the following trade(s):

  • On Monday, June 11th, Guy Georges Bourassa purchased 23,000 shares of Nemaska Lithium stock. The shares were acquired at an average price of C$0.98 per share, with a total value of C$22,540.00.
  • On Thursday, June 7th, Guy Georges Bourassa purchased 3,500 shares of Nemaska Lithium stock. The shares were acquired at an average price of C$0.98 per share, with a total value of C$3,430.00.

NMX stock traded down C$0.03 during mid-day trading on Thursday, hitting C$0.94. 3,213,566 shares of the company were exchanged, compared to its average volume of 2,212,330. Nemaska Lithium Inc has a 1-year low of C$0.92 and a 1-year high of C$2.44.

Nemaska Lithium (TSE:NMX) last issued its quarterly earnings data on Tuesday, May 15th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01).

Several equities research analysts have issued reports on NMX shares. Roth Capital downgraded shares of Nemaska Lithium from a “buy” rating to a “neutral” rating in a research report on Sunday, February 25th. Beacon Securities restated a “buy” rating on shares of Nemaska Lithium in a research report on Thursday, March 1st. National Bank Financial cut their price objective on shares of Nemaska Lithium from C$2.40 to C$1.90 and set a “sector perform” rating for the company in a research report on Monday, April 9th. Finally, Eight Capital cut their price objective on shares of Nemaska Lithium from C$3.00 to C$2.50 in a research report on Monday, June 4th.

Nemaska Lithium Company Profile

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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