Candiac development, agreement with Worley, OEM collaborations, more patents, Rio Tinto $10m and Sumitomo $17m investments, $10m from Canadian govt, and JDA's with Our Next Energy and Umicore.
Current sp is at 52 wk. low
I don't really care to average down with stock choices, but I'm really tempted here,
What are your thoughts?
Thank you
Please note the ticker is now NANO after the stock was listed on the TSX. We do not like the momentum or general volatility of the stock. NANO saw its net loss widen by almost double for th full-year 2023. The balance sheet is good with plenty of cash and essentially no debt. Short-term outlook for the EV market has also been significantly reduced which will reduce demand for NANO's products. The recent news items mentioned are positive and NANO's technology is intriguing, but we do not like the state of the EV market which would likely be one of NANO's largest customers. Additionally, being pre-revenue, things will likely be volatile for a while. We would hold off averaging down right now.