Neo Performance Materials Inc. (OTCMKTS:NOPMF – Get Free Report) shares rose 8.8% during mid-day trading on Tuesday . The stock traded as high as $6.08 and last traded at $6.03. Approximately 17,035 shares changed hands during trading, an increase of 86% from the average daily volume of 9,178 shares. The stock had previously closed at $5.54.
Neo Performance Materials Price Performance
The company’s 50-day moving average price is $5.75 and its 200-day moving average price is $5.77.
About Neo Performance Materials
Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.
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